My wife and I are planning to acquire a 2 bedroom apartment in Chorlton cum Hardy with a mortgage. We like our Chorlton cum Hardy conveyancer, however the mortgage company says she’s not on their "panel". We have to appoint one of the bank panel firms or keep our Chorlton cum Hardy property lawyer as well as pay for one of their panel firms to represent them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Chorlton cum Hardy conveyancing lawyer to apply to be on the conveyancing panel.
My fiance and I are refinancing our penthouse in Chorlton cum Hardy with Coventry BS. We have a son 19 who lives at home. Our solicitor requested us to identify 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, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Coventry BS conveyancing panel as he did not need to sign this form when we bought 3 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 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.
I am buying a new build flat in Chorlton cum Hardy. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Chorlton cum Hardy
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
My father-in-law has urged me to appoint his conveyancers in Chorlton cum Hardy. Do I take his recommendation?
No doubt the ideal way to choose a conveyancing practitioner is to have referrals from friends or relatives who have used the firm that you are contemplating using.
The conveyancing solicitors undertaking our conveyancing in Chorlton cum Hardy has sent documents to review that state the property is unregistered with epitome documents. Is it not the case that all properties in Chorlton cum Hardy should be registered?
Although the vast majorities of properties in Chorlton cum Hardy are now registered with the Land Registry there are still some that remain unregistered. Any property in Chorlton cum Hardy that has been purchased since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Chorlton cum Hardy property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Chorlton cum Hardy conveyancing solicitors will be capable of dealing with such matters but where uncertainty prevails the usual proposition these days appears to be for the current owners to register the title first and subsequently sell - this undoubtedly cause a significant delay.