I plan on purchasing a ground floor flat in Chertsey. My Solicitor is not listed on the bank conveyancing list. Can I still retain my Chertsey conveyancing solicitor even though they are excluded from the bank list of approved lawyers?
You have a couple of alternatives available to you here
- Complete the deal with your existing Chertsey lawyer but your lender will need to instruct a solicitor from their conveyancing panel. This will result in additional fees together with potential delay.
- Appoint a new conveyancing practitioner to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your solicitor to do everything within their powers to join the mortgage company panel of solicitors
My fiance and I intend to remortgage our maisonette in Chertsey with Bank of Ireland. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose 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 apartment is repossessed. I have two questions (1) Is this document specific to the Bank of Ireland conveyancing panel as he did not need to sign this form when we remortgaged 4 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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.
Have purchased a a semi-detached house in Chertsey , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Chertsey conveyancing solicitor has been painfully slow, so I want to be certain that my ownership is recorded.
As far as conveyancing in Chertsey is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. Currently in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs after the purchaser is living at the property thus an expedited registration is not typically an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Chertsey differ for new build properties?
Most buyers of new build residence in Chertsey come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Chertsey typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chertsey or who has acted in the same development.
How do I identify a Chertsey solicitor on the Coventry Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 25kilometers to meet the solicitor.
You can use the tool on this page. Please pick a lender and your location and you will see a number of Chertsey conveyancing lawyers locally. We have listed some Chertsey conveyancing firms towards the end of this page and you can call them to check if they are on the Coventry Building Society approved list
My father-in-law has suggested that I instruct his conveyancing solicitors in Chertsey. Should I use them?
No doubt the ideal way to choose a conveyancing practitioner is to seek referrals from friends or family who have actually used the conveyancer that you are contemplating using.