My husband and I swapping mortgage lender for our penthouse in Lymington with Virgin Money. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults 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 property is repossessed. 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 bought 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.
Me and my partner are purchasing a apartment in Lymington. I might seem paranoid but how we can trust a lawyer? At some point we have to deposit money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am new to the house moving as a 1st time buyer of a garden flat in Lymington. Do I pick up the keys to the property on the completion date from my conveyancer? If so, I will find a local conveyancing solicitor in Lymington?
On the day of completion you will not be required to go to the conveyancers office in Lymington. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you should be called to receive the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
My wife and I are in the process of viewing flats in Lymington and I am now considering a potential offer. Should I already have a conveyancer in place at this stage? I will be getting a mortgage with Barclays.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are seeking a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
Do commercial conveyancing searches reveal planned roadworks that may affect a commercial site in Lymington?
Many commercial conveyancing solicitors in Lymington will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Lymington. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Lymington.
For every commercial conveyancing transaction in Lymington it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Lymington commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Lymington.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The solicitors who dealt with the conveyancing in Lymington 4 years ago have long since closed. What are my options?
As long as you have a registered title the details of your ownership will be held by the Land Registry under a Title Number. It is possible to conduct a search at the Land Registry, locate your house and get current copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will usually hold a file duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
I am looking for a conveyancing lawyer in Lymington for my home move. Is there any facility to check a firm’s complaints history with the profession’s regulator?
One can review published Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator may recorded call for training reasons.
I have recently realised that I have 68 years unexpired on my lease in Lymington. I am keen to get lease extension but my landlord is can not be found. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to prove that you have used your best endeavours to locate the lessor. In some cases a specialist would be useful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Lymington.
I bought a 1st floor flat in Lymington, conveyancing having been completed January 1997. How much will my lease extension cost? Similar properties in Lymington with a long lease are worth £260,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2099
With just 74 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.