My fiance and I changing mortgage lender for our penthouse in Chandlers Ford with Santander. We have a son 18 who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two questions (1) Is this form unique to the Santander conveyancing panel as he never had to sign this form when we remortgaged 3 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 Santander 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 Santander. This is solely used to protect Santander 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 Santander 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.
We see that you have a post code search directory listing solicitors on the Santander conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Chandlers Ford?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chandlers Ford.
My wife and I are buying a property in Chandlers Ford. It might be a silly question but how we can trust a lawyer? On completion day we have to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We expect to receive a OIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Chandlers Ford solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Chandlers Ford solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
My sealed bid on a property in Chandlers Ford has been accepted, but there is a chain. The vendors have offered on a property, however it’s not yet tied up, and are looking at other flats booked. I have instructed a high street conveyancing solicitor in Chandlers Ford. What should be my next step? When should I get the mortgage application with Leeds Building Society going?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is approx one thousand pounds, then valuation, Chandlers Ford conveyancing search costs, etc). First, you should check that your lawyer is on the Leeds Building Society conveyancing panel. As to the next phase this very much dictated by the uniqueness of your transaction, motivation for this property and on the state of the market. In a rising market some buyers would apply for the mortgage with Leeds Building Society and pay for the valuation and only if it was satisfactory would they request their conveyancer to proceed with searches.
I require expedited conveyancing in Chandlers Ford as I am under an ultimatum to complete in less than 4 weeks. Luckily I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
If.Given you are not taking a mortgage you have the choice not to have searches conducted although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Chandlers Ford the following are instances of issues that can crop up and adversely impact market value: Enforcement Notices, Outstanding Charges, Outstanding Grants, Road Schemes,...
What tools are available to identify a Chandlers Ford solicitor on the Godiva Mortgages Ltd conveyancing panel? I have wheels and am prepared to travel upto 10miles to meet the solicitor.
You can use the facility on this page. Please select a lender and your location and you will see a number of Chandlers Ford conveyancing lawyers locally. We have detailed some Chandlers Ford conveyancing firms at the bottom of this page and you can contact them to verify whether they are on the Godiva Mortgages Ltd panel
I've recently bought a leasehold house in Chandlers Ford. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a basement flat in Chandlers Ford, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Comparable flats in Chandlers Ford with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease finishes on 21st October 2080
With only 55 years unexpired we estimate the price of your lease extension to span between £31,400 and £36,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.