We were about to choose a conveyancing solicitor in Molesey listed by you but stumbled across alternative costs illustrations on the internet look less expensive – how come?
One can find plenty of conveyancers marketing theoretically looks to be very low prices. We would encourage you to think long and hard as to how much you respect your own move to you are willing to be penny wise pound foolish over the quality of the conveyancing. Many of them list a low quote as a headline but hide supplemental costs in the fine print..
My wife and I are refinancing our apartment in Molesey with Leeds Building Society. We have a son 18 who lives at home. Our solicitor requested us to identify any adults 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 a couple of concerns (1) Is this form unique to the Leeds Building Society conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this extinguish 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 Leeds Building Society. This is solely used to protect Leeds Building Society 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 Leeds Building Society 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 Molesey last February yet the purchaser is Skype messaging every few hours to say her solicitor needs to hear from mine. What should my lawyer have done following completion?
After completion of your sale your conveyancer is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also send confirmation that the home loan has been redeemed to the buyers lawyers. There are no post completion tasks specific conveyancing in Molesey.
I am considering applying for a Barclays mortgage for purchase of a new build (under development) in Molesey with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am employed by a reputable estate agent office in Molesey where we have experienced a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Molesey conveyancing solicitors. Could you confirm whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Molesey. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Molesey conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Molesey premises is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case was in relation to 1 flat.
I need to find a bank panel solicitor in Molesey. Can you assist?
Unfortunately it’s not apparent why you need a Molesey panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Molesey are on their panel . If you do find such a firm in Molesey not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site