Me and my wife are acquiring property in Englefield Green. My Solicitor is not listed on the lender approved list. Am I still permitted to continue with my Englefield Green conveyancing solicitor even though they are not on the lender panel?
You have a couple of choices open to you here
- Proceed with your preferred Englefield Green conveyancer but your mortgage company will need to appoint a conveyancing practitioner from their approved panel. This will result in additional cost and potential frustration.
- Appoint a fresh solicitor to act in the purchase, obviously checking they are on the bank conveyancing panel.
- Convince your conveyancing practitioner to pull out all the stops to get accepted on the mortgage company panel of solicitors
My husband and I intend to remortgage our apartment in Englefield Green with Lloyds. We have a son 19 who lives with us. Our solicitor requested us to identify 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 property is repossessed. I have two questions (1) Is this document specific to the Lloyds conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this compromise his rights to inherit the property?
On the face of it your lawyer has done nothing wrong 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 Lloyds. This is solely used to protect Lloyds 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 Lloyds 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Englefield Green
There are two types of lawyers who can do conveyancing in Englefield Green namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the disposal or acquisition of property. Both are duty bound to carry out Englefield Green conveyancing to the same standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that the requisite steps will be appropriately attended to.
Please help - my lawyer advises that lack of building regulations insurance is necessary on my purchase. What is the level of cover for Englefield Green conveyancing?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between Barclays and Virgin Money. Conveyancing practitioners as opposed to members of the public take out such policies.
Our offer on a semi in Englefield Green has been accepted, but there is a chain. The owners have put an offer on a property, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have selected a nearby conveyancing solicitor in Englefield Green. What should be my next step? When should I get the mortgage application with Lloyds going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of £1k, then valuation, Englefield Green conveyancing search charges, etc). First, you should check that your lawyer is on the Lloyds approved list. Concerning the next phase this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. During a buoyant market the majority of purchasers will apply for a home loan with Lloyds and pay for the valuation and only if it was satisfactory would they ask their conveyancer to move forward with the conveyancing in Englefield Green.
About to purchase a new build flat in Englefield Green. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Englefield Green
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I decided to have a survey completed on a property in Englefield Green before retaining lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend not issue a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Englefield Green. Conveyancing will be smoother if you use a solicitor in Englefield Green especially if they are familiar with such properties in Englefield Green.
I am selling my home. My previous lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Englefield Green if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Englefield Green. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.