My partner and I intend to remortgage our flat in Gosport with Virgin Money. 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 lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this form unique to the Virgin Money conveyancing panel as he did not need to sign this form when we remortgaged 5 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.
Having sold my house in Gosport last December yet the purchaser is texting every few hours complaining that her lawyer needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your house sale your conveyancer is duty bound to forward the transfer deeds and all additional paperwork to the purchaser's lawyers. If applicable, your lawyer should also send confirmation that the legal charge in favour of the lender has been paid off to the buyers solicitors. There are no post completion steps specific conveyancing in Gosport.
Can I be sure that the Gosport conveyancing solicitor on the Nationwide panel is any good?
When it comes to conveyancing in Gosport getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor handling your conveyancing.
I am expecting a AIP from Santander 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 Santander recommend any Gosport solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Gosport solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
I recently had an offer accepted on an apartment in Gosport. My mortgage broker suggested a lawyer. I paid an upfront payment of £175. Not long after, the property lawyer contacted me to say that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My relative recommended that where I am purchasing in Gosport I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Gosport conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Gosport around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Gosport Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Gosport Education with plans and statistics, Local Amenities and other useful information concerning Gosport.
Is there anything unique about your site and other internet conveyancing solicitors when it comes to conveyancing in Gosport?
At this site obtain a fixed fee quote from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Gosport. Unlike many estate agents and many comparison sites we do not charge firms a commission if you select them for your property ownership legalities in Gosport
My intention is to acquire a ground floor flat in Gosport. Conveyancing solicitor is awaiting, from the seller, building insurance paperwork. This morning I was informed that the seller needs to forward the insurance documents for the flat above as well. Why does my conveyancing practitioner need to review the insurance for the other flat? Is it really required? We have been stalled for the previous fortnight…
It is not impossible in leasehold conveyancing in Gosport to discover Conveyancing in Gosport in a minority of cases reveals that the lease requires the tenant's to insure their individual flats as opposed to the landlord insuring the whole premises - which is definitely preferable. Do check with your solicitor but it would appear that your conveyancing practitioner is looking to verify that the complete building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed for lack of insurance cover.