My partner and I are refinancing our maisonette in Croxley Green with Lloyds. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this form unique to the Lloyds conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Lloyds 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 Lloyds. This is solely used to protect Lloyds 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 Lloyds 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 are planning to acquire a flat and need a conveyancing solicitor in Croxley Green who is on the Virgin Money conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Croxley Green.
The Croxley Green conveyancing firm that I appointed last week on my purchase in Croxley Green have without warning shut down. I only went with them because I had to have a firm on the Kent Reliance conveyancing panel and my preferred Croxley Green lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What are my options?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I require fast conveyancing in Croxley Green as I am under a deadline to complete in less than 3 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are are a cash purchaser you are at free not to do searches although no conveyancer would advise that you don't. With plenty of history conveyancing in Croxley Green the following are instances of what can show up and adversely affect future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
We are 18 days into a freehold purchase having been referred to a firm by the estate agent to perform conveyancing in Croxley Green. I am am very disappointed with the quality of service. Can you help me find new solicitors?
A lawyer would have to be very bad in order to consider changing them. Has the mortgage been sent? In the event that it has you will need to advise them of the new solicitor and get the mortgage documents are issued to the new lawyers. Your new solicitor ideally needs to be on the mortgage company approved list to avoid added costs and frustration. That should be your first question of the new lawyers. Our search tool should assist you in finding a lender approved conveyancer for your home move in Croxley Green
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £125,000 maisonette in Croxley Green on Wednesday in a week. The freeholder has quoted £312 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Croxley Green?
Croxley Green conveyancing on leasehold maisonettes usually necessitates administration charges levied by freeholders :
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Addressing conveyancing due diligence questions
Where consent is required before sale in Croxley Green
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have tried to negotiate informally with with my landlord for a lease extension without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Croxley Green conveyancing firm to help?
Most certainly. We can put you in touch with a Croxley Green conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Croxley Green premises is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The unexpired residue of the current lease was 71 years.