My fiance and I swapping mortgage lender for our apartment in Raglan with Coventry BS. We have a son 18 who lives with us. 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, giving up any rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this document specific to the Coventry BS conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your Coventry BS 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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 husband and I wish to acquire a purpose built flat in Raglan with a homeloan from Platform Home Loans Ltd.We would like to retain our Raglan conveyancing solicitor but Platform Home Loans Ltd says his firm is not listed on their "panel". We have to appoint a Platform Home Loans Ltd panel firm or keep our high street solicitor and pay for a Platform Home Loans Ltd panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan offered to you contains terms and conditions, a common one being that lawyers must be on the Platform Home Loans Ltd approved list. Until recently, most lenders 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. A further alternative is for your lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
Should my solicitor be raising questions regarding flooding as part of the conveyancing in Raglan.
The risk of flooding is if increasing concern for conveyancers conducting conveyancing in Raglan. Some people will buy a house in Raglan, completely aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, but there are a numerous searches that may be carried out by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Raglan. The standard completed inquiry forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard inquiry of the vendor to discover whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the seller, then a buyer may bring a compensation claim stemming from an misleading response. A buyer’s lawyers may also commission an enviro search. This should indicate whether there is a recorded flood risk. If so, further inquiries will need to be carried out.
Are there any apps to help search for a Raglan law firm on the Halifax conveyancing panel? I drive a motor bike and am willing to travel upto 20miles to meet the lawyer.
You can use the tool on this page. Please select a lender and your location and you will see a number of Raglan conveyancing lawyers based on proximity. We have listed some Raglan conveyancing firms towards the end of this page and you can ring them to verify whether they are on the Halifax member panel
What advice can you give us when it comes to choosing a Raglan conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Raglan conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Raglan conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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How experienced is the practice with lease extension legislation? How many lease extensions has the firm carried out in Raglan in the last year?
Leasehold Conveyancing in Raglan - Examples of Questions you should ask before Purchasing
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Are any of leasehold owners in arrears of their service charge liability? It is important to be aware if window replacement or some other major work is pending to be shared amongst the leasehold owners and may well materially increase the the maintenance fees or require a one off invoice. Be sure to find out if there are any onerous prohibitions in the lease. For example it is fairly common in Raglan leases that pets are not permitted in in a block in Raglan. If you love the flatin Raglan but your dog is not allowed to move with you then you will be faced hard decision.
I have today had an offer accepted on an apartment in Raglan and the estate agent that we are using recommended his property lawyer. He quoted £1000 plus VAT and 3rd party costs. Does this sound like a good deal?
Don't just go on one quote. You should obtain like-for-like quotes for your conveyancing in Raglan. Then select one that you are comfortable with and just as important, is on the approved panel of the bank that you are sourcing your mortgage from.