My husband and I are refinancing our penthouse in Pitsea with . We have a son 18 who lives at home. 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 property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the conveyancing panel as he did not need to sign this form when we bought 5 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 . This is solely used to protect 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 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.

What is the best way to investigate if the solicitor handling my conveyancing in Pitsea is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for thus spending £187.00 plus VAT in further conveyancing costs.

Feel free to take advantage of the search tool on this web page. Please choose the mortgage company and type ‘Pitsea’ or your preferred area and you will see numerous solicitors based in Pitsea or near you.

4 months have gone by following my purchase conveyancing in Pitsea took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Pitsea Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing

Is anyone aware of any major works anticipated that will likely increase the service costs? The best form of lease structure is where the freehold interest is owned by the leaseholders. In this scenario the lessees benefit from being in charge if their destiny and although a managing agent is often employed where the building is larger than a house conversion, the managing agent retained by the leaseholders. Does the lease have more than 82 years unexpired?

Do I stop my mortgage payments with as soon as a completion date for my sale in Pitsea has been set?

You are best advised to continue paying any mortgage sums to pending the mortgage being repaid out of the proceeds of sale as part of your Pitsea conveyancing.