My partner and I are refinancing our maisonette in Buntingford with Co-operative. We have a son 18 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two questions (1) Is this document specific to the Co-operative conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) Does our son by signing this extinguish his entitlement 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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 July. Should my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you suggest a removal company in Buntingford. Conveyancing lawyer was organised before I stumbled across this website.
On the afternoon of completion you will need to pick up the house keys from your estate agent however this can only take place once the vendors conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You will need to advise the removal company that you are ready to move in. We are not in a position to recommend a particular removal organisation but can assist you in choosing a residential property solicitor in Buntingford or a lawyer with expertise in conveyancing in Buntingford.
We previously appointed solicitors with offices in Buntingford on the Kent Reliance solicitor approved list. They have just billed me a separate charge for dealing with the Kent Reliance mortgage. Is this an additional conveyancing fee set by Kent Reliance?
Provided it is contained in their Terms of Engagement or estimate then yes your lawyer can levy a fee for this. The fee is not set by Kent Reliance but by your Buntingford conveyancer. Plenty of firms on the Kent Reliance panel will levy ’dealing with mortgage’ fee and others do not.
It is not clear whether my mortgage offer requires a lease extension. I have called my Buntingford bank branch on numerous occasions and was informed it wasn't a problem and they will lend. My Buntingford conveyancing solicitor - who is on the bank conveyancing panel- called and was told they would not lend in accordance with their published requirements. Who do I believe?
As long as the conveyancing practitioner is on the bank approved list, she or he must follow the Council of Mortgage Lenders’ Handbook specifications for the bank. 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 bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I decided to have a survey carried out on a property in Buntingford before appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks tend not grant a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Buntingford. Conveyancing will be smoother if you use a solicitor in Buntingford especially if they are familiar with such properties in Buntingford.
I'm converting the mortgage on my primary home to a buy to let mortgage with Barclays Direct and intend to use the remaining equity as a down payment on a second property. The area we are looking at is Buntingford. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Make use of our search tool on this page to ensure that the lawyers are approved by both mortgage companies. On the basis that they are the conveyancer should be able to connect the two transactions but you should talk with you conveyancer and make clear your desired outcome and needs.
My husband and I are FTB’s - agreed a price, yet the property agent has warned us that the vendor will only proceed if we appoint the agent's recommended solicitors as they want an ‘expedited deal’. We would rather use a local solicitor used to conveyancing in Buntingford
We suspect that the seller is not behind this ultimatum. If they desire ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Try to communicate with the owners directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Buntingford conveyancing solicitors - not the ones that will provide the estate agent a introducer fee or hit his conveyancing figures demanded by HQ.
I am hoping to put an offer on a small detached house that appears to be perfect, at a great price which is making it all the more appealing. I have since discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Buntingford. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
Most houses in Buntingford are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Buntingford so you should seriously consider looking for a Buntingford conveyancing practitioner and be sure that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the house is part of an estate. Your lawyer will appraise you on the various issues.