My partner and I changing mortgage lender for our penthouse in Folkestone with Yorkshire BS. We have a son approaching twenty who lives with us. 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 apartment is repossessed. I have two questions (1) Is this form unique to the Yorkshire BS conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this extinguish his entitlement 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 Yorkshire BS. This is solely used to protect Yorkshire 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 Yorkshire 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.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when buying a property in Folkestone?
Unless a previous acquisition of the premises completed post 12 October 2013 you can expect conveyancing practitioners conducting conveyancing in Folkestone to remain recommending a chancel search and or chancel repair liability policy.
My company is wishing to lease a unit on the high street. Can you recommend conveyancers offering fixed fees for commercial conveyancing in Folkestone for below 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Folkestone, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the costs these will vary based on the structure and complexity of the proposed transaction. Let us have your details or phone so as to enable us to provide you with a detailed commercial conveyancing quote.
I am one month into a freehold purchase having been directed to solicitors by the estate agent to carry out the conveyancing in Folkestone. I am am extremely frustrated with the quality of service. Could you help me find new lawyers?
They would need to be very poor in order to consider replacing them. Has the mortgage been sent? If so you must inform them of the new conveyancer and ensure the loan are re-sent. Your solicitor ideally should be on the mortgage company panel to avoid supplemental costs and delays. That should be your starting point. Our search tool will assist you in finding a bank approved solicitor for your conveyancing in Folkestone
My brother mentioned that when selecting a conveyancing firm they must be approved by your mortgage company. This is my first home move but I have an AIP with HSBC and I already have a high street conveyancing lawyer in Folkestone lined up. Does Halifax need an approved lawyer to be used? Does a list of panel firms even exist so I can pick a conveyancing solicitor in Folkestone?
You need to instruct a solicitor that is on the Halifax panel. Just telephone your preferred Folkestone conveyancing solicitor and ask if they are on the Halifax panel. If they are not approved you have a couple of alternatives available to you here:
- Proceed with your chosen Folkestone conveyancer but Halifax will need to use a solicitor on their approved list. This will result in additional fees and likely interruption.
- Choose a new conveyancer to act in the purchase, making sure they are on the Halifax conveyancing panel.
- Convince your lawyer to attempt to join the bank panel.