Is the fact that my conveyancer in Kegworth is not listed on my lender's conveyancing panel that there is a problem with the standard of her work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Kegworth conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
My wife and I are refinancing our penthouse in Kegworth with Aldermore. 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 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 apartment is repossessed. I have a couple of concerns (1) Is this form unique to the Aldermore 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 entitlement 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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.
I need some quick conveyancing in Kegworth as I am under an ultimatum to complete within 2 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you have the choice not to have searches conducted although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Kegworth the following are examples of what can show up and therefore impact future saleability: Enforcement Actions, Outstanding Fees, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Kegworth?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Kegworth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a ground for flat up to £245,000 and found one round the corner in Kegworth I like with open areas and railway links nearby, the downside is that it only has 51 years on the lease. There is not much else in Kegworth in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage that many years may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I have been told by numerous estate agents that it can take up to two months for Kegworth conveyancing to complete.This was 3 ago. The paperwork was only received from the vendors conveyancer last week so now does it countdown?
You should take with some degree of scepticism any assurance as to fast completion times. Instead ask the average timeframe to complete Kegworth conveyancing transactions and whether they are content to move towards your proposed completion date for your home move in Kegworth