My wife and I intend to remortgage our penthouse in Meopham with Virgin Money. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two questions (1) Is this document specific to the Virgin Money conveyancing panel as he never had to sign this form when we remortgaged 4 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.
This question may be naive but I am wet behind the ears as FTB of a ground floor flat in Meopham. Do I receive the keys to the property on the completion date from my lawyer? If this is the case, I will find a High Street conveyancing solicitor in Meopham?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the vendor’s lawyers, and once they have received this, you should be able to receive the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
Are all Meopham Conveyancing Quality Solicitors on the Nationwide conveyancing panel?
It is true that some lenders now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I can not work out if my lender requires a lease extension. I have called into my local Meopham bank branch on numerous occasions and was told they are content with the situation and they will lend. My Meopham conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. Who do I believe?
Your conveyancing practitioner has to follow the Council of Mortgage Lenders’ Handbook Part 2 provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I used Wolstenholmes a few years past for my conveyancing in Meopham. I now require my file however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Meopham of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
We are 18 days into a freehold purchase having been referred to conveyancers by the selling agent to execute conveyancing in Meopham. I am am starting to be frustrated with the level of service. Can you help me find new solicitors?
A conveyancer would have to be really poor to suggest replacing them. Has the mortgage been sent? In the event that it has you will need to inform them of the new contact details and ensure the loan are issued to the new lawyers. The solicitor ideally needs to be on the banks approved list to avoid supplemental costs and frustration. So that should be your first question of the new lawyers. Our find a solicitor tool can assist you in finding a bank approved lawyer for your conveyancing in Meopham
I have been recommended a conveyancing solicitor in Meopham. I need to find out if they are on the lender's approved list of lawyers. Could you help?
One option is to contact the solicitor to check if they are on the bank's approved list. If that does not help call us and we can make some checks for you. Should the firm not be on the lender panel we we can help find a quality conveyancing solicitor in Meopham on the approved list for your mortgage company.