My husband and I swapping mortgage lender for our maisonette in Ferryside with Virgin Money. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 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 flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Virgin Money conveyancing panel as he never had to sign this form when we bought 3 years ago (2) In signing this form is our son in any way compromising his right 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 Virgin Money. This is solely used to protect Virgin Money 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 Virgin Money 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.
How up to date is your search tool for Ferryside conveyancing solicitors on the Coventry BS conveyancing panel? Do Coventry BS send you an updated list?
Ferryside conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
I am considering remortgaging my apartment in Ferryside, does my lawyer have to be on the Aldermore Solicitor panel?
In theory, you could use a solicitor that is not on the Aldermore conveyancing panel, but Aldermore would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
We were going to get a OIP from Co-operative this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Co-operative recommend any Ferryside solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ferryside solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
My wife and I are in the process of viewing houses in Ferryside and I am now considering a potential offer. Should I already have a property lawyer in place at this point? I am planning to take a mortgage with Kent Reliance.
It would be advisable to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are getting a mortgage with Kent Reliance, ask your prospective lawyers if they are on the Kent Reliance conveyancing panel otherwise they can't do the mortgage legal work.
Planning on purchasing a flat in Ferryside. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ferryside property lawyer is on the Virgin Money conveyancing panel.
My company is intending to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering no-sale-no charges for commercial conveyancing in Ferryside for below 1500k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Ferryside, including the disposal and acquisition of businesses as well as simply premises. If you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. As for the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or telephone us so that we may supply you with comprehensive commercial conveyancing quote.
My step-father has suggested that I instruct his lawyers for conveyancing in Ferryside. Should I use them?
Much as we are happy to recommend a Ferryside conveyancing lawyer it’s preferable to select a conveyancing practitioner is to seek recommendations from friends or relatives who have experience in using the conveyancer you're are thinking of instructing.