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Find a Chafford Hundred Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Chafford Hundred? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Chafford Hundred transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Chafford Hundred

My partner and I intend to remortgage our flat in Chafford Hundred with Virgin Money. We have a son 18 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two concerns (1) Is this form unique to the Virgin Money conveyancing panel as he did not need to sign this form when we purchased 3 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 Virgin Money 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 Virgin Money. This is solely used to protect Virgin Money 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 Virgin Money 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 Chafford Hundred? Why is this being asked of me?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms and Conditions that you need to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to supply identification documents, your conveyancer would not be able to accept instructions from you.

Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Chafford Hundred so that I can attend their offices if required.

As opposed to 12 years ago, the vast majority banks no longer oblige their conveyancing panel solicitor to witness the borrowers signature. It will still be necessary for you to supply identification documents and there are still manifest benefits to using a local practitioner, in your situation a conveyancing solicitor in Chafford Hundred.

The deeds to my property can not be found. The conveyancers who handled the conveyancing in Chafford Hundred 5 years ago have long since closed. What do I do?

Nowadays there are duplicates made of almost everything, and your conveyancer will be aware exactly where to find all the relevant documentation so you may purchase or dispose of your house without a hitch. If duplicates can’t be located, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.

I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Chafford Hundred is where the house is located. What do you suggest?

Flying freeholds in Chafford Hundred are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chafford Hundred you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chafford Hundred may decide 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 property.

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Find out more about how flying freehold can affect your the value of a property.