My partner and I intend to remortgage our penthouse in Tedburn St Mary with Nationwide. We have a son 19 who lives at home. 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 apartment is repossessed. I have two questions (1) Is this document specific to the Nationwide conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right 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.
I am due to move home in November. Will my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Tedburn St Mary. Conveyancing firm was found before I stumbled across your site.
On the day of completion you will need to collect the keys from your selling agent however this can only occur after the sellers conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be released. Subsequently you will need to advise the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can help you find a conveyancing in Tedburn St Mary or a lawyer that specialises in conveyancing in Tedburn St Mary.
It is not clear whether my bank requires a lease extension. I have called my Tedburn St Mary bank branch on numerous occasions and was told they are content with the situation and they would lend. My Tedburn St Mary conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. I have no idea who is right.
Your conveyancer has to comply with the Council of Mortgage Lenders’ Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Tedburn St Mary solicitor - who is on the Nottingham conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Tedburn St Mary postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Tedburn St Mary.
three months have elapsed following my purchase conveyancing in Tedburn St Mary completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Tedburn St Mary with a mortgage from Nationwide Building Society. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not disclose to my conveyancer about the deal as it could adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I need to retain a conveyancing solicitor for my conveyancing in Tedburn St Mary. I happened to chance upon a web site which appears to be the ideal solution If it is possible to get all formalities done via email that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Been on the hunt for a conveyancing practitioner for leasehold sale conveyancing in Tedburn St Mary. We are selling, uncomplicated no mortgage to pay off, no hurry, no onward chain. Had an estimate from a lawyer for nine hundred pounds plus VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Tedburn St Mary?
Considering it’s a sale only, 475 + VAT would be about the best for sale conveyancing in Tedburn St Mary.