Me and my wife are purchasing a maisonette in Martlesham Heath. My lawyer has never been on on the mortgage company approved panel. Am I still permitted to retain my Martlesham Heath conveyancing solicitor notwithstanding that they are excluded from the mortgage company approved list?
You must appoint a solicitor to deal with the formalities if you require a loan to purchase your home. The lawyer will carry out all the appropriate legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage documentation is dealt with. One could select a Martlesham Heath conveyancer of your choosing. Nevertheless, where the lawyer selected is not a member of the mortgage company conveyancing panel further costs will arise as separate legal representation will be need by the lender. Lender panel applications may be submitted, so if your conveyancer has not historically applied for membership they should take the opportunity to apply.
My fiance and I intend to remortgage our penthouse in Martlesham Heath with Nationwide. 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 reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this document specific to the Nationwide 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?
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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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.
Completed the sale of my flat in Martlesham Heath last July but our buyer keeps telephoning daily to say her conveyancer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your house sale your conveyancer is obliged to send the transfer deeds and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor must also send confirmation that the home loan has been discharged to the buyers solicitors. There is unlikely to be post completion formalities just for conveyancing in Martlesham Heath.
I have been on the look out for a ground for flat up to £195,000 and found one near me in Martlesham Heath I like with a park and station in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Martlesham Heath suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I need to find a conveyancing solicitor for residential conveyancing in Martlesham Heath. I've stumble upon a site which appears to be the perfect offering If there is a chance to get all this stuff completed via email that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?