I hired a high street lawyer for my conveyancing in The Hyde recently. Reviewing the terms of engagement I seeI am liable for costs even where the transaction does not complete. Would I be best advised to select a web based conveyancing brokerage offering no-sale-no-fee conveyancing in The Hyde?
Generally there is a compromise along the lines that if "No Sale No Fee" is offered then the fee levels will generally be uplifted to counteract those transactions that abort. Dont forget that these schemes rarely protect you from expenses for instance The Hyde conveyancing search expenses.
My partner and I changing mortgage lender for our maisonette in The Hyde with Lloyds. We have a son 19 who lives at home. Our solicitor has asked us to disclose 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 flat is repossessed. I have a couple of concerns (1) Is this form unique to the Lloyds conveyancing panel as he did not need to sign this form when we bought 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 Lloyds. This is solely used to protect Lloyds 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 Lloyds 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 purchasing a right to buy a flat in The Hyde. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in The Hyde you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in The Hyde.
I used Stirling Law several years ago for my conveyancing in The Hyde. Now, I need the documents however the law firm is no longer operating. 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 The Hyde 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.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in The Hyde I like with amenity areas and railway links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in The Hyde suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.