My friend's sister is a conveyancer. I suspect that I can be offered mate’s pricing for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Sutton on Trent?
It’s prudent to seek multiple conveyancing quotes. Do use our search tool on this page. The prices will be different but the service one can expect differ between conveyancers as is true with most professions.
My fiance and I intend to remortgage our maisonette in Sutton on Trent with Skipton. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have two concerns (1) Is this document specific to the Skipton conveyancing panel as he did not need to sign this form when we remortgaged 4 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 Skipton. This is solely used to protect Skipton 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 Skipton 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.
What does my ID and proof of funds have anything to do with my conveyancing in Sutton on Trent? Why is this being asked of me?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Sutton on Trent. However these days you can not complete any conveyancing transaction without first supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper element and photo card part, one is not acceptable without the other.
Proof of your source of funds is necessary in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer must have this information on record. Your Sutton on Trent conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask further questions concerning the origin of monies.
My uncle passed away last year and as sole heir and executor I was left the house in Sutton on Trent. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Given you intend to refinance then TSB will require that you use a conveyancer on the TSB 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 TSB 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 TSB mortgage is registered as a charge at the Land Registry.
I'm purchasing a new build house in Sutton on Trent with a loan from Nottingham Building Society. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not to tell my lawyer about this side-deal as it could adversely affect my mortgage with Nottingham Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have just had an offer accepted on an apartment in Sutton on Trent and the broker that we are dealing with recommended his property lawyer. They quoted £800 including VAT and disbursements. Does this sound reasonable?
Don't just go on a single quote. One should seek like-for-like quotes for your conveyancing in Sutton on Trent. Then select one that you trust and just as important, is on the approved list of the bank that you are sourcing your mortgage from.