A loan agreement from NatWest for the refinancing of my 2 room flat is expected imminently. Are you able to propose a low cost conveyancing practitioner in Woolwich?
You are on the wrong site if you are in need of cut-price fees for conveyancing in Woolwich. We can offer you cost effective conveyancing but we do not aim to advertise as being the cheapest. Do not be seduced by organisations offering the bait of ninety nine pound conveyancing in Woolwich. At best, in being led by low cost conveyancing, you will get your money’s worth and at worst you will end up being stung for additional fees and still not end up with the service you were looking for.
My partner and I changing mortgage lender for our apartment in Woolwich with Nottingham. We have a son 18 who lives at home. Our solicitor has asked us to disclose 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 property is repossessed. I have two concerns (1) Is this form unique to the Nottingham conveyancing panel as he did not need to sign this form when we bought 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 Nottingham 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 Nottingham. This is solely used to protect Nottingham 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 Nottingham 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.
My lawyer in Woolwich has never been on on the Britannia Conveyancing Panel. Can I still retain my prefered solicitor even though they are not on the Britannia panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your existing Woolwich solicitors but Britannia will need to instruct a solicitor on their list of acceptable firms. This will inevitably rack up the total legal fees as well as result in delays.
- Get an alternative solicitor to act in the conveyancing, obviously checking they are on the Britannia panel
Due to the guidance of my in-laws I had a survey completed on a house in Woolwich prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies may refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Woolwich. Conveyancing may be slightly more expensive based on your lender's requirements.
What is different about your site and alternative internet conveyancing solicitors when it comes to conveyancing in Woolwich?
At this site get a conveyancing quote via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Woolwich. Unlike many estate agents and many comparison sites we do not operate commission deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most kickback, as opposed to the best value conveyancing in Woolwich
Having had my offer accepted I require leasehold conveyancing in Woolwich. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Woolwich - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Woolwich conveyancing firm to help?
Most definitely. We are happy to put you in touch with a Woolwich conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Woolwich property is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case affected 1 flat. The unexpired residue of the current lease was 69.77 years.