We were about to choose a conveyancing solicitor in Hadley Wood listed on your site but stumbled across some other fee calculations via the web look cheaper – why is this?
One can find many firms of solicitors promoting pretending to offer cheap conveyancing, unfortunately it’s common in such cases for extracharges end up with the completion bill being inflated. Conveyancers are obliged to make sure that fees set out in terms and conditions should be equitable raised The law firms that we put forward for conveyancing in Hadley Wood set out all charges for the property you intend topurchase.
My partner and I intend to remortgage our maisonette in Hadley Wood with Skipton. We have a son 19 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, waiving any legal rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this document specific to the Skipton conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Skipton 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 Skipton. This is solely used to protect Skipton 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 Skipton 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.
My house in Hadley Wood is up for sale and I have accepted an offer. Does my solicitor need to be on the Nationwide conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Nationwide conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
A colleague recommended that where I am purchasing in Hadley Wood I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Hadley Wood conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Hadley Wood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hadley Wood Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Hadley Wood Education with plans and statistics, Local Amenities and other useful data regarding Hadley Wood.
I am looking for a leasehold apartment up to £245,000 and found one near me in Hadley Wood I like with amenity areas and station nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Hadley Wood in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan that many years will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
My partner and I have recently had a bid accepted on our first house in Hadley Wood, and need to get solicitors instructed. We have utilised the various comparison based websites and the fee estimates are from all over the the UK. Is it necessary to have a Hadley Wood lawyer local to the potential house? We are content to do everything over email, but I assume at some point we may need to visit the lawyer's office to sign contracts?
The solicitor does not need to be in Hadley Wood, but choosing local means that you have the option to go in if needed, by way of example, if a signature is needed urgently. In addition, a Hadley Wood solicitor is likely to be familiar with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which will help smooth the process.