We were about to retain a conveyancing solicitor in Market Drayton endorsed using your comparison tool but stumbled across some other costs illustrations on the internet look less pricey – why is this?
You can find numerous websites advertising self styled cheap conveyancing, but extracharges end up with the completion fee being inflated. According to the Legal Ombudsman costs listed in terms of engagement should be transparent and reasonable invoiced The law firms that we put forward for conveyancing in Market Drayton specify all charges for the property you plan topurchase.
My fiance and I intend to remortgage our penthouse in Market Drayton with Bank of Ireland. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this document specific to the Bank of Ireland conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this compromise 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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 opted to have a survey done on a house in Market Drayton before appointing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will not give a mortgage on such a home.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Market Drayton. Conveyancing will be smoother if you use a solicitor in Market Drayton especially if they regularly deal with such properties in Market Drayton.
I am looking into buying my first house which is in Market Drayton and I am already nervous. I couldn't find anything specific about Market Drayton. Conveyancing will be needed in due course but do you know about the Market Drayton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Market Drayton. In the meantime here are some basic statistics that we found
What type of premises does your Market Drayton conveyancing quotes relate to?
The quotes issued are only relevant to standard domestic homes in England & Wales. Should you have any different needs for example industrial or agricultural land or commercial conveyancing in Market Drayton you should contact us to address your requirements .