My partner and I changing mortgage lender for our penthouse in Writtle with Nottingham. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of questions (1) Is this document specific to the Nottingham conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your Nottingham 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 Nottingham. This is solely used to protect Nottingham 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 Nottingham 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 looking to buy a house and need a conveyancing solicitor in Writtle who is on the Leeds Building Society approved 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 Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Writtle.
I happen to be the single recipient of my late mum's will and I have everything in my name alone, including the house in Writtle. The Writtle property was put into my name in May. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be regarded the same way as if I'd bought the house in May. Is the property unsalable for six months?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. many banks would take a pragmatic view as this provision chiefly exists to identify subsales or the quick reselling of property.
Is there a list of Kent Reliance panel solicitors in Writtle on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lending institutions make their panel listings open the public over the internet. If you are seeking to appoint a Writtle lawyer on the Kent Reliance please make the most of our facility.
Our offer on a house in Writtle has been agreed to, but there is a chain. The vendors have offered on a property, but it’s not yet tied up, and have viewings of other flats booked. I have chosen a bricks and mortar conveyancing solicitor in Writtle. What do I do now? At what stage should I apply for the mortgage with Leeds Building Society?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then survey, Writtle conveyancing search fees, etc). The first thing to do is check that your lawyer is on the Leeds Building Society approved list. Regarding the next phase this very much depends on the specifics of your transaction, desire for the property and on the state of the market. In a hot market the majority of purchasers will apply for the mortgage with Leeds Building Society and pay for the valuation and only if it was satisfactory would they request their lawyer to press on with searches.
Do I need to pay for insurance to cover chancel repairs when buying a residence in Writtle?
Unless a prior acquisition of the premises completed post 12 October 2013 you could expect conveyancing practitioners carrying out conveyancing in Writtle to remain recommending a chancel search and or chancel repair liability policy.
About to purchase a new build apartment in Writtle. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Writtle
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan.
We are in the throes of a leasehold sale of a flat in Writtle. Conveyancing solicitors are doing their job but we have been asked to pay an extortionate amount from the managing agents. To date we have paid £295.50 for a leasehold management pack and then another £118 for additional queries raised by the purchaser's lawyer.
Neither you or your solicitor will have any control over the extent of the charges for this information but the average fee for the information for Writtle leasehold property is £355. When it comes to Writtle conveyancing deals it is conventional for the owner to pay for these costs. The landlord or their agents are under no statutory obligation to answer such questions although many will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Regretfully there is no law that mandates set fees for administrative tasks. Nor is there any statutory time limit by which they are obliged to provide answers.