My partner and I are refinancing our maisonette in Raynes Park with Nationwide. We have a son 19 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of questions (1) Is this form unique to the Nationwide conveyancing panel as he never had to sign this form when we bought 3 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Nationwide 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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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.
At what point will exchange of contracts happen for sale conveyancing in Raynes Park and am I required to attend the solicitors branch?
If you are near to one of the conveyancing solicitors in Raynes Park you are invited in to sign contracts. However, the firms we work with supply a national conveyancing service and provide just as detailed and professional a job for you when dealing with you electronically. The signing of the contract is not the important part. Signing on the dotted line is necessary for the firm to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Raynes Park)to be in the office available at the end of the phone to exchange contracts.
How do I investigate if the solicitor handling my conveyancing in Raynes Park is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Halifax thus paying £192.00 in supplemental legal costs.
Please do take advantage of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Raynes Park’ or your location and you will be presented with numerous solicitors based in Raynes Park or nearest you.
The estate agent has sent us the confirmation of our purchase of a new build flat in Raynes Park. Conveyancing is daunting 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 can expect your new-build leasehold conveyancing in Raynes Park
Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan.
We're novice buyers - had an offer accepted, but the selling agent advised that the owners will only proceed if we appoint the agent's preferred conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a family solicitor used to conveyancing in Raynes Park
It is unlikely the owners are driving this. If they want ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to appoint your preferred Raynes Park conveyancing firm - not the ones that will give the negotiator at the agency a introducer fee or achieve conveyancing targets demanded by corporate headquarters.
Your search tool is useful but there are many lawyers listed near Raynes Park being on the bank conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our lender?
We do not recommend specific Raynes Park firms as the right Raynes Park conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Raynes Park knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..