My partner and I are refinancing our flat in South East London with TSB. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose 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 forfeited by the lender. I have a couple of questions (1) Is this form unique to the TSB conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right 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 TSB. This is solely used to protect TSB 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 TSB 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.
I am considering applying for a Nottingham mortgage for purchase of a new build (under development) in South East London with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham ?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I am due to move home in March. Does my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in South East London. Conveyancing solicitor was organised before I stumbled across this page.
On the afternoon of completion you can pick up the house keys from your selling agent however this should only take place when the previous owners solicitors advise the agent that the monies to complete are in and the keys can be given over. You can tell the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal organisation but can assist you in locating a conveyancing in South East London or a solicitor that specialises in conveyancing in South East London.
We were going to get a OIP from Kent Reliance this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any South East London solicitors on the Kent Reliance conveyancing panel, or is it better to go independently?
You will need to appoint South East London solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I was told two weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in South East London is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am looking for a ground for flat up to £235,500 and identified one round the corner in South East London I like with open areas and station nearby, however it only has 49 years on the lease. I can't really find anything else in South East London suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
My company is wishing to lease a unit on the high street. Can you recommend conveyancers offering fixed fees for commercial conveyancing in South East London for below £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in South East London, including the disposal and purchase of businesses as well as simply premises. If you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. As for the costs these will vary based on the structure and nuances of the deal. Please provide us with your details or telephone so as to enable us to provide you with comprehensive commercial conveyancing calculation.
I am purchasing a house and cash is in place. I have provided lawyer with two distinct forms of photo identification, bank statement, endless utility bills. Now he needs a copy from a probate lawyer acknowledging that the funds are legitimate and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any South East London conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering Regulations.