My fiance and I swapping mortgage lender for our penthouse in Amersham with Principality. 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 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 flat is forfeited by the lender. I have two concerns (1) Is this form unique to the Principality conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Principality 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 Principality. This is solely used to protect Principality 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 Principality 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 your site be used to recommend a Conveyancing solicitor in Amersham even if I’m not buying or selling a house, for example where I want to buy an office in Amersham with a loan from Accord Mortgages Ltd?
The service is primarily utilised to locate residential conveyancing solicitors in Amersham but we have recorded towards the bottom of this page a selection of Amersham commercial conveyancing firms. You will need to enquire with the solicitors directly to see if they can also act for Accord Mortgages Ltd
I am selling my house in Amersham. Does my conveyancer need to be required to be on the HSBC conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
I have been on the look out for a flat up to £195,000 and identified one close by in Amersham I like with amenity areas and railway links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Amersham suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan that many years will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I need to instruct a conveyancing practitioner in Amersham for my house move. Is it possible to check a firm’s complaints history with the profession’s regulator?
Anyone can read presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor call for training purposes.
Is there a reason that Amersham conveyancing fees are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Amersham can involve additional due diligence such as investigating the lease, liaising with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.