I have just started taking steps with the intention of transferring my existing standard loan to a Buy to Let Accord Mortgages Ltd mortgage. I have been informed by my broker that I require a solicitor as part of the process. I had a chat my past Hornsey Rise conveyancing solicitor who dealt with the legals when I originally bought the premises. The pricing estimate sent of £575 plus disbursements is an eye-watering amount to do this as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad on the high side. If you are prepared to invest time comparing charges you may be able to shave off some of the expense by say £100 plus VAT. That being said, assuming were content with the legal work the firm gave you couldlive to regret opting for an an untested solicitor. Remember to ensure the firm can also act for Accord Mortgages Ltd. You can use our search tool to find a Hornsey Rise conveyancing firm on the Accord Mortgages Ltd conveyancing panel, which can often include conveyancing solicitors in Hornsey Rise.
My wife and I are refinancing our maisonette in Hornsey Rise with Bank of Ireland. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat 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 bought 3 years ago (2) Does our son by signing this giving up his rights 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.
Just had an offer accepted on a new build flat in Hornsey Rise. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hornsey Rise
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Hornsey Rise is the location of the property. What do you suggest?
Flying freeholds in Hornsey Rise are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hornsey Rise you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hornsey Rise may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My husband and I are FTB’s - agreed a price, but the selling agent informed us that the owners will only move forward if we appoint the agent's recommended lawyers as they need a ‘quick sale’. Our preferred option is to instruct a high street conveyancer accustomed to conveyancing in Hornsey Rise
We suspect that the owner is unaware of this ultimatum. Should the vendor desire ‘a quick sale', alienating a serious purchaser is counter productive. Bypass the agents and go straight to the sellers and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)but you are going to instruct your preferred Hornsey Rise conveyancing solicitors - as opposed tothose that will earn their estate agent a introducer fee or hit his conveyancing thresholds pre-set by head office.
How easy is it to change a solicitor as I need to find a Hornsey Rise based conveyancer who is on the lender conveyancing panel. Is it practical to instruct different lawyers?
In the event that you have not formally instructed a solicitor to start work and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Hornsey Rise that you're thinking of instructing.