Me and my partner are acquiring property in Aston Clinton. My Conveyancer is not listed on the mortgage company solicitor panel. Is it possible for me to continue with my Aston Clinton conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?
Your options include
- Proceed with your existing Aston Clinton conveyancing practitioner but your bank will need to appoint a conveyancing practitioner on their approved list. The net result is additional charges together with potential frustration.
- Get a fresh conveyancer to act in the purchase, obviously checking they are on the lender conveyancing panel.
- Appeal to your conveyancing practitioner to attempt to join the mortgage company panel
My wife and I are refinancing our flat in Aston Clinton with UBS. 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 reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two concerns (1) Is this form unique to the UBS 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 UBS. This is solely used to protect UBS 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 UBS 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 will a local search tell me regarding the house we're purchasing in Aston Clinton?
Aston Clinton conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Xpress Legal The local search is essential in every Aston Clinton conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
How does conveyancing in Aston Clinton differ for new build properties?
Most buyers of new build or newly converted property in Aston Clinton approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Aston Clinton tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Aston Clinton or who has acted in the same development.
My company is planning to lease a unit on a shopping parade. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Aston Clinton for below £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Aston Clinton, including the sale and purchase of businesses as well as simply premises. If you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. Regarding the fees this will depend on the structure and heads of terms of the deal. Let us have your details or phone us so that we may supply you with a fixed commercial conveyancing quote.