My wife and I are refinancing our maisonette in Chorleywood with RBS. We have a son 19 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this document specific to the RBS conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your RBS conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to RBS. This is solely used to protect RBS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of RBS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
My fiance and I intend to purchase a 1 bedroom flat in Chorleywood with a residential mortgage from Leeds Building Society.We have a Chorleywood conveyancing practitioner but Leeds Building Society informed us her practice is not listed on their approved list of member firms. We have to appoint a Leeds Building Society panel lawyer or retain our local solicitor and fork out for a Leeds Building Society panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan offered to you contains terms and conditions, one of which will be that conveyancers will be on the Leeds Building Society solicitor panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Leeds Building Society
We are buying a end of terrace house in Chorleywood. The intention is to carry out an extension to the side at the property.Will legal conveyancing on the property include investigations to ascertain if these works are allowed?
Your solicitor will review the registered title as conveyancing in Chorleywood will on occasion identify restrictions in the title deeds which prohibit certain changes or necessitated the permission of another owner. Many extensions require local authority planning consent and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be sensible to check these things with a surveyor before you commit yourself to a purchase.
My wife and I have organised a further advance on our home loan from HSBC as we want to conduct improvements to our house in Chorleywood. Are we obliged to select a high street Chorleywood solicitor on the HSBC conveyancing panel to deal with the legals?
HSBC do not ordinarily instruct a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC list.
After much negotiation I have agreed a price on an apartment in Chorleywood. My mortgage broker pressured me to appoint their conveyancing practitioner. I paid an on account payment of £150. A few days later, the conveyancer contacted me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My colleague recommended that if I am purchasing in Chorleywood I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Chorleywood conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Chorleywood around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Chorleywood Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Chorleywood.
Hoping to buy a property located in Chorleywood and I am already nervous. I couldn't find anything specific about Chorleywood. Conveyancing will be needed in due course but do you know about the Chorleywood area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chorleywood. In the meantime here are some basic statistics that we found
How do I discover who owns a property in Chorleywood?
Provided the premises is registered with the Land Registry, and you have the specifics of the address of the property, you should be able to obtain details from the HM Land Registry of the recorded proprietor for a for less than a fiver.