My husband and I are refinancing our penthouse in Nag's Head with Virgin Money. 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 property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Virgin Money conveyancing panel as he did not need to sign this form when we purchased 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.
Forgive me if this question is silly but I am new to the home moving as FTB of a two bedroom flat in Nag's Head. Do I receive the keys to the premises on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Nag's Head?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to receive the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
We are planning to move property in April. Does my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you suggest a removal company in Nag's Head. Conveyancing lawyer was found prior to coming across your website.
On the day of completion you can collect the keys from the selling agent however this should only take place once the vendors lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you will need to inform the removal men that you are ready to move in. As a matter of policy we do not recommend a particular removal company but can assist you in choosing a conveyancing in Nag's Head or a lawyer with expertise in conveyancing in Nag's Head.
I am buying a detached bungalow in Nag's Head. The intention is to carry out an extension to the side at the house.Will the conveyancing process involve investigations to determine if these alterations are allowed?
Your solicitor should review the registered title as conveyancing in Nag's Head will sometimes reveal restrictions in the title deeds which prohibit certain changes or require the consent of a 3rd party. Certain additions call for local authority planning consent and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I used Wolstenholmes several years ago for my conveyancing in Nag's Head. Now, I need my documents but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate 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 Nag's Head of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey carried out on a property in Nag's Head before instructing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will refuse to give a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements from Nationwide. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Nag's Head. Conveyancing may be slightly more expensive based on your lender's requirements.
Our mortgage broker has recommended their conveyancer for our conveyancing in Nag's Head - Surely it’s better to just instruct them?
You need to establish if the estate agent is recommending a lawyer or introducing to a property lawyer. There are plenty of Nag's Head selling agents who recommend two or three Nag's Head conveyancing firms purely based on those lawyers offering a great service.