My partner’s step-father is a conveyancer. I anticipate that I will receive friends and family fee for conveyancing, but if not, what level of figure should I be paying for conveyancing in york?
It’s advisable to obtain 3 or more like-for-like conveyancing quotes. Do use our search tool on this site. The fees do be different but service levels do differ between property lawyers as is the case with most professions.
My husband and I intend to remortgage our flat in york with Virgin Money. We have a son 18 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Virgin Money conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Virgin Money 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 Virgin Money. This is solely used to protect Virgin Money 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 Virgin Money 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 Leeds Building Society mortgage for purchase of a newly converted (under development) in york with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Leeds Building Society ?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am planning to move property in June. Does my conveyancing solicitor liaise with the removal company on the day of completion. On a separate note, can you suggest a removal company in york. Conveyancing firm was chosen before I stumbled across your site.
On the afternoon of completion you can collect the house keys from your selling agent however this can only occur when the sellers conveyancers confirm to the agent that they have the completion monies and the keys can be passed over. You will need to tell the removal men that they can start moving you in. As a matter of policy we do not recommend a specific removal organisation but can help you find a residential property solicitor in york or a legal practice with expertise in conveyancing in york.
Last month we had a mortgage agreed in principle with RBS. york conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from RBS?
Some lenders take longer than others. Have RBS done the valuation? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My husband and I are spending time looking at apartments in york and I am about to put in an offer. Should I already have a lawyer appointed at this stage? I will be getting a home loan with Nationwide.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are getting a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
I was pointed in your direction by a few property agents in york to select a solicitor on your site. What’s the financial upside for Estate Agents to recommend your services ahead of alternative conveyancing organisations?
We don’t give any referral fee for sending work in our direction. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Should I cancel my mortgage payments with Lloyds once a completion date for my home sale in york has been set?
No, you must keep paying any mortgage payments to Lloyds pending the mortgage being discharged on completion as part of your york conveyancing.