My fiance and I are refinancing our penthouse in Old Woking with Skipton. We have a son 18 who lives with us. Our solicitor has asked us to disclose 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 flat is forfeited by the lender. I have two concerns (1) Is this document specific to the Skipton 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?
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 Skipton. This is solely used to protect Skipton 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 Skipton 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.
We note that you have a search directory identifying law firms on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Old Woking?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Old Woking.
What happens if my lawyer’s firm is suspended from the Kent Reliance Conveyancing panel ahead of completing my conveyancing in Old Woking?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I am assisting my aunt sell her flat in Old Woking. Will the conveyancing solicitor order the energy assessment or it is for the seller to coordinate?
After the demise of HIPs, energy assessments remained a mandatory part of moving house. An energy assessment must be to hand before the property is advertised. This is not something that conveyancers ordinarily organise. If you are using a Old Woking conveyancing lawyer they might be able to arrange energy assessments given their contacts with long established Old Woking accredited person
Forgive me if this question is silly but I am wet behind the ears as a first time purchaser of a garden flat in Old Woking. Do I receive the keys to the house on completion from my conveyancer? If so, I will instruct a High Street conveyancing solicitor in Old Woking?
On the day of completion you do not need to attend the conveyancers office in Old Woking. Conveyancing lawyers for you will transfer the completion advance to the vendor’s solicitors, and once they have received this, you will be invited to receive the keys from the property Agents and move into your new home. This tends to happen early afternoon.
We are getting the release of further funds on our home loan from Nottingham as we want to conduct improvements to our home in Old Woking. Are we obliged to choose a local Old Woking solicitor on the Nottingham conveyancing panel to handle the paperwork?
Nottingham do not ordinarily appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham panel.
Is it necessary to take out insurance to address the risk of chancel repairs when purchasing a house in Old Woking?
Unless a previous acquisition of the property took place after 12 October 2013 you could take it that conveyancing practitioners conducting conveyancing in Old Woking to remain recommending a chancel search and or chancel repair liability policy.