I opted for a high street lawyer for my conveyancing in Perivale yesterday. After carefully reading the official terms of business it is apparent thatI am responsible for costs even where the conveyance does not complete. Should I ditch them and select a web based conveyancing company promising no-sale-no-fee conveyancing in Perivale?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the fee levels will generally be more expensive to cover the transactions that abort. You should be mindful that such deals rarely cover expenses for example Perivale conveyancing search costs.
My fiance and I intend to remortgage our maisonette in Perivale with Co-operative. We have a son 19 who lives with us. Our solicitor has asked us to disclose 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 apartment is repossessed. I have two questions (1) Is this document specific to the Co-operative conveyancing panel as he did not need 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?
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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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.
Having sold my house in Perivale last March but our buyer keeps e-mailing every few hours to say her lawyer is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your house sale your lawyer should deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer should also confirm that the mortgage has been paid off to the buyers solicitors. There is unlikely to be post completion tasks peculiar conveyancing in Perivale.
How does conveyancing in Perivale differ for new build properties?
Most buyers of new build premises in Perivale approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Perivale usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Perivale or who has acted in the same development.
Should I be concerned about brokers that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a High Street Perivale conveyancing practice?
As is the case with many service providers, often input from family and friends can be worth their weight in gold. Nevertheless there are lots of parties with a keen interest in a conveyancing transaction; estate agents, mortgage brokers and banks may suggest lawyers to appoint. Sometimes these lawyers might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the endorsement. You are free to appoint your preferred conveyancer. However, bear in mind that the majority of lenders operate an approved list of solicitors you must use for the mortgage related work in your conveyancing.