My partner and I are refinancing our apartment in Warsash with Clydesdale. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is repossessed. I have a couple of concerns (1) Is this document specific to the Clydesdale conveyancing panel as he never had 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 Clydesdale. This is solely used to protect Clydesdale 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 Clydesdale 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 used Action Conveyancing a few years past for my conveyancing in Warsash. I now require my file however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Warsash of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Warsash benefiting from help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not reveal to my solicitor about the side-deal as it will adversely affect my loan with the bank. Is this normal?.
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.
Am I right to be concerned about 3rd parties that I am dealing with are recommending a web based conveyancing firm rather than a High Street Warsash conveyancing firm?
As with many professional services, often recommendations from connections can be extremely useful or valuable. Yet there are lots of players in a conveyancing deal; estate agents, financial adviser and banks might all put forward solicitors to select. On occasion these conveyancers might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are at liberty to appoint your own conveyancer. You need to be aware that many banks operate an approved list of law firms you have to use for the lender aspect of your home move.
I own a leasehold flat in Warsash. Conveyancing and Yorkshire Building Society mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Warsash who previously acted has now retired. What should I do?
First contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Warsash conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Warsash Conveyancing for Leasehold Flats - A selection of Queries before buying
-
Are any of leasehold owners in dispute over their service charge liability? Best to be warned if fixing the lift or some other significant cost is anticipated that will be shared amongst the leasehold owners and will materially increase the the service charges or necessitate a specific invoice. This information is useful as a) areas may result in problems for the block as the common areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have a dispute with the managing agents you will wish to have complete disclosure
I am are looking to find an affordable conveyancing solicitor in Warsash to purchase a house. I I am fearful of by bill escalating out of control and there's many Warsash conveyancing solicitors to pick from...how do I know which one is best to select?
If you’ve not instructed a lawyer previously, a personal recommendation via relatives or friends is a preferable starting point and is often a good barometer of quality. As an alternative option, take a look at the client feedback viewable on your solicitor’s website or use our search tool to choose a conveyancing solicitor in Warsash.