My family solicitor has quoted £1200 for leasehold conveyancing in Warminster. I’m looking to sell a modern house for £125,000. Is this too much? Is it above what I should be paying for conveyancing in Warminster?
The quote is fractionally on the expensive side. Where you are content to spend time contrasting quotes you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, you mightcome to rue choosing an an unknown conveyancer. Don't forget to check the solicitor can act for your mortgage company. You can utilise our comparison tool to select a Warminster conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Warminster.
My fiance and I changing mortgage lender for our penthouse in Warminster with Coventry BS. We have a son 19 who lives at home. 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 flat is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Coventry BS conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Coventry BS 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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 buying a flat and require a conveyancing solicitor in Warminster who is on the UBS solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for UBS . We don't recommend any particular firms conducting conveyancing in Warminster.
My grandmother passed away last year and as sole heir and executor I was left the property in Warminster. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this allowed?
Where you intend to re-mortgage then Lloyds will insist on your using a conveyancer on the Lloyds 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 Lloyds 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 Lloyds mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Warminster is the location of the property. Can you shed any light on this issue?
Flying freeholds in Warminster are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Warminster you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Warminster may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Am I best advised to instruct a Warminster conveyancing practitioner who is local to the property I am purchasing? We have a good friend who can deal with the legal work but they are based 200kilometers drive away.
The primary upside of using a high street Warminster conveyancing firm is that you can pop in to sign documents, hand in your ID and apply pressure on them if necessary. Having local Warminster know how is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and they were happy that must surpass using an unknown Warminster conveyancing solicitor just because they are round the corner.