The loan agreement from HSBC for the remortgage of my 3 room apartment is due any day now. Are you able to propose a cheap conveyancing solicitor in Stroud Green?
You are on the wrong site if you are seeking a cheap conveyancing solicitors in Stroud Green. We can offer you cost effective conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint brokers enticing you with ninety nine pound conveyancing in Stroud Green. In your best case scenario, in going for low cost conveyancing, you will get your money’s worth and at worst you will end up paying a lot in extras and still not end up with the service you were hoping for.
My wife and I are refinancing our apartment in Stroud Green with RBS. We have a son 18 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 flat is forfeited by the lender. I have a couple of questions (1) Is this form unique to the RBS conveyancing panel as he did not need 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 RBS 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 RBS. This is solely used to protect RBS 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 RBS 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 decided to purchase a newly converted apartment in Stroud Green with a residential mortgage from Birmingham Midshires.We use our Stroud Green conveyancing solicitor but Birmingham Midshires says his firm is not listed on their approved list of member firms. we are left little option but to use a Birmingham Midshires panel lawyer or retain our local solicitor and fork out for a Birmingham Midshires panel lawyer to act for them. This seems very unfair; Can we not simply insist that Birmingham Midshires use our lawyer?
No, not really. The home loan offered to you contains terms and conditions, a common one being that solicitors must be on the Birmingham Midshires conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Birmingham Midshires
Me and my brother have a renovated Georgian property in Stroud Green. Conveyancing lawyer represented me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stroud Green and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Stroud Green I like with a park and railway links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Stroud Green suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan that many years may be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
Do I need to be concerned by 3rd parties that I am dealing with are recommending a nationwide conveyancing firm rather than a High Street Stroud Green conveyancing practice?
As is the case with many professional services, often referrals from family and friends can be worth their weight in gold. But there are lots of people with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders may recommend solicitors to select. Sometimes these lawyers might be known to one of the organisations as experts in their field, but occasionally there exists a commercial relationship behind the endorsement. You are at liberty to appoint your preferred conveyancer. You need to be aware that most banks specify a panel list of conveyancers you have to use for the lender related work in your home move.