Unfortunately I am unable to travel far from Hampton Wick. I would like to know the reason why all Hampton Wick conveyancers are not on all mortgage company panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or solicitor’s viewpoint, the other side of the coin is that lending institutions are becoming ever more anxious and consider it essential to protect them from illegal activities. As a consequence of this concern banks are limiting their conveyancing panel to a manageable size.
My partner and I intend to remortgage our maisonette in Hampton Wick with Virgin Money. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this document specific to the Virgin Money conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your Virgin Money 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 Virgin Money. This is solely used to protect Virgin Money 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 Virgin Money 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 your number one tip for finding a conveyancing solicitor in Hampton Wick
We would encourage you not to base your choice on the cheapest Hampton Wick conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We are due to move house in April. Will my conveyancing solicitor call the removal company on the day of completion. On a separate note, can you suggest a removal company in Hampton Wick. Conveyancing firm was found prior to coming across this page.
On the day of completion you can pick up the keys from the property agent however this should only occur when the sellers lawyers confirm to the agent that they have the completion monies and the keys can be collected. You can inform the removal company that you are ready to move in. We are not in a position to suggest a particular removal organisation but can help you locate a residential property solicitor in Hampton Wick or a lawyer that specialises in conveyancing in Hampton Wick.
I happen to be the only beneficiary of my late mum's estate and I have everything in my name alone, including the house in Hampton Wick. The Hampton Wick property was put into my name in December. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership may be considered the same way as though I had purchased the property in December. Will no one buy the property for half a year?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How sensible a view lenders take of it, depend on the bank as this requirement primarily exists to capture the purchase and immediately sell or the quick reselling of property.
I have been told that property searches are the main reason for stalling in Hampton Wick house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Hampton Wick.
Are there restrictive covenants that are commonly identified as part of conveyancing in Hampton Wick?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hampton Wick. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Hampton Wick differ for newly converted properties?
Most buyers of new build property in Hampton Wick come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Hampton Wick tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hampton Wick or who has acted in the same development.