My previous conveyancer has sent a quote for £1700 for fixed fee conveyancing in Caddington. I am hoping to downsize from a Victorian detached home for £150,000. This seems too much. Is it in excess of what I should be paying for conveyancing in Caddington?
The estimate does seem marginally steep. If you shop around you could get the conveyancing a bit cheaper by say a hundred pounds. That being said, you couldcome to rue opting for an an untested lawyer. Don't forget to be sure the solicitor can act for your lender. You can employ our search tool to find a Caddington conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Caddington.
My partner and I are refinancing our flat in Caddington with Kent Reliance. 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. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have two questions (1) Is this document specific to the Kent Reliance conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Kent Reliance 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 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.
Two weeks ago we had a mortgage agreed in principle with Aldermore. Caddington conveyancing practitioners have been chosen. How long does it take for Aldermore to issue the offer to the property lawyer?
There is no definitive answer here. Have Aldermore conducted the survey? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
The formalities of my purchase has taken place for my property in Caddington. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I am due to exchange contracts on my flat. I had a double glazing fitted in April 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham are being a right pain. The Caddington solicitor who is on the Nottingham conveyancing panel is recommending indemnity insurance as a solution but Nottingham are insisting on a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am looking for a leasehold apartment up to £195,000 and found one close by in Caddington I like with amenity areas and railway links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Caddington in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage that many years will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I'm refinancing my primary house to a buy to let mortgage with HSBC Bank and I will use the rest of the raised equity towards a second house. The area we are talking about is Caddington. Will your conveyancers be able to act for both sets of mortgage companies and link together the transactions?
Make use of our search tool on this page to be sure that the solicitors are on the appropriate lender panels. Assuming that they are your conveyancer should be able to tie up the two transactions but you should talk with you solicitor and specify your expectations and requirements.
Living abroad I am unable to travel my Caddington conveyancing lawyers office to execute documents connected to my conveyancing in Caddington – is this a problem?
Not a problem. Caddington conveyancing solicitors can undertake conveyancing transactions for clients who are based anywhere. It is not necessary for you to be able to visit a Caddington conveyancers office. They can deal with everything via post, email, telephone and fax.