I am in the throes of porting my current homeowner mortgage to a Buy to Let The Mortgage Works mortgage. The bank has said that I require a lawyer for this. I had a chat my past Northumberland conveyancing solicitor who who did the conveyancing when I initially bought the premises. The quote e-mailed to me of £450 plus VAT has surprised me as its a refinance than a sale or purchase.
The estimate does seem a tad on the high side. Where you are happy to spend time contrasting quotes you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, assuming were pleased with the service the firm gave you couldcome to regret opting for an an untested solicitor. Remember to check that the conveyancer can act for The Mortgage Works. You can utilise our search tool to find a Northumberland conveyancing firm on the The Mortgage Works approved list of lawyers, which can often include conveyancing solicitors in Northumberland.
My fiance and I intend to remortgage our maisonette in Northumberland with Nottingham. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose 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, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this document specific to the Nottingham conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Nottingham 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 Nottingham. This is solely used to protect Nottingham 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 Nottingham 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.
We are planning to acquire a property and need a conveyancing solicitor in Northumberland who is on the Kent Reliance approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Northumberland.
Are the BSA intent on creating a online directory to to identify law firms on the Darlington Building Society conveyancing panel for instance in Northumberland?
We have not been informed any intention on the part of the BSA to promote such a tool.
I am looking for a flat up to £245,000 and found one near me in Northumberland I like with open areas and transport links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Northumberland for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage that many years may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My brother has recommend that I instruct his conveyancers in Northumberland. Should I use them?
No doubt the ideal way to find a conveyancing lawyer is to have guidance from friends or family who have used the firm you're considering.