I am not well enough to travel far from Thames Ditton. What is the rationale as to why all Thames Ditton conveyancing practitioners are not on all bank panels?
Even though it may seem unfair for mortgage companies to limit who can represent them, from the public’s or lawyer’s standpoint, the the contrary view is that lenders are increasingly anxious and consider it crucial to protect them against mortgage fraud. As a consequence of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
My husband and I changing mortgage lender for our maisonette in Thames Ditton with Kent Reliance. 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 reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this form unique to the Kent Reliance conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this extinguish his rights 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 Kent Reliance. This is solely used to protect Kent Reliance 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 Kent Reliance 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.
Can you explain why leasehold purchase conveyancing in Thames Ditton costs more?
Thames Ditton leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am purchasing a flat and require a conveyancing solicitor in Thames Ditton who is on the Chelsea Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as Thames Ditton. We dont recommend any particular firm.
I have been on the look out for a flat up to £245,000 and found one close by in Thames Ditton I like with open areas and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Thames Ditton suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
Am I better off to go with a Thames Ditton conveyancing lawyer in close proximity to the house I am buying? An old friend can carry out the legal formalities but her office is 300miles away.
The primary upside of using a high street Thames Ditton conveyancing practice is that you can drop in to sign paperwork, deliver your ID and pester them where appropriate. They will also have local intelligence which is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and the majority were content that must surpass using an unknown Thames Ditton conveyancing solicitor solely due to them being round the corner.