Finally, a mortgage offer from HSBC for the remortgage of my 4 room garden flat is coming within the next few days. Are you able to put forward a low cost conveyancing practitioner in Saundersfoot?
You are on the wrong site if you are seeking cut-price fees for conveyancing solicitors in Saundersfoot. Our intention is to offer cost effective conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing organisations offering £100 conveyancing in Saundersfoot. The optimum result, in being led by cheap conveyancing, you will get your money’s worth and at worst you will end up with a hefty uplift in extras and still not get the service you were hoping for.
My partner and I changing mortgage lender for our penthouse in Saundersfoot with Virgin Money. We have a son 19 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, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this form unique to the Virgin Money 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 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 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.
I purchased a freehold house in Saundersfoot but nevertheless charged rent, why is this and what is this?
It is rare for properties in Saundersfoot and has limited impact for conveyancing in Saundersfoot but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My aunt passed away 10 months ago and as sole heir and executor I was left the property in Saundersfoot. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then RBS will insist on your using a conveyancer on the RBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your RBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the RBS mortgage is registered as a charge at the Land Registry.
What can a local search reveal concerning the property we're purchasing in Saundersfoot?
Saundersfoot conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance Searchflow The local search plays a central part in many a Saundersfoot conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Is it the case that all Saundersfoot property lawyers on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can go into your high street lender branch in Saundersfoot. the probability is that they will be in a position to suggest some reputable conveyancing solicitors in Saundersfoot