I am obtaining a mortgage with Lloyds. I would like to retain the legal services of a Licensed Conveyancer in Southwater. Does the Lloyds Solicitor panel exclude conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My husband and I intend to remortgage our apartment in Southwater with Leeds Building Society. We have a son 19 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the flat is repossessed. I have two concerns (1) Is this form unique to the Leeds Building Society conveyancing panel as he never had to sign this form when we remortgaged 3 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 Leeds Building Society. This is solely used to protect Leeds Building Society 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 Leeds Building Society 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.
Our mortgage company has suggested a law firm on their panel based in Southwater but I would rather instruct a conveyancing lawyer in Southwater local to me. Can you assist?
Not all Southwater conveyancing practices are listed all banks conveyancing panel. Do make use of the above find an approved solicitor tool to find a Southwater conveyancing conveyancer on the on the lender panel.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a house in Southwater?
Unless a previous purchase of the premises took place post 12 October 2013 you may expect conveyancing practitioners handling conveyancing in Southwater to remain encouraging a chancel search and or insurance against a claim.
I am buying a new build apartment in Southwater. 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.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Southwater
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are architect prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I'm remortgaging my existing home to a BTL mortgage with Norwich and Peterborough Building Society and I will use the ballance of the raised equity as a deposit on a second house. The neighborhood we are interested in is Southwater. Will your solicitors be able to act for the two banks and link together the transactions?
Make use of our search tool on this page to be sure that the lawyers are on the appropriate lender panels. On the basis that they are the solicitor will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make apparent your desired outcome and needs.