My husband and I are refinancing our flat in Childwall with Yorkshire BS. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose any adults 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 apartment is repossessed. I have a couple of concerns (1) Is this document specific to the Yorkshire BS conveyancing panel as he never had to sign this form when we remortgaged 5 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 Yorkshire BS 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 Yorkshire BS. This is solely used to protect Yorkshire BS 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 Yorkshire BS 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.
Do lawyers ask for money on account for conveyancing in Childwall?
Where you are retaining lawyers for conveyancing in Childwall your lawyer will request that you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the purchase price then this should be needed immediately before contracts are exchanged. The final balance that is due should be transferred a couple of days ahead of the day of completion.
We are buying a end of terrace house in Childwall. Our aim is to an extension at the rear at the property.Will legal investigations on the property include investigations to ascertain if these works were previously refused?
Your conveyancer will check the deeds as conveyancing in Childwall can on occasion identify restrictions in the title deeds which prevent categories of alterations or necessitated the consent of another owner. Certain extensions require local authority planning consent and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
I am currently in the process of buying my council flat in Childwall. I have a mortgage offer with Aldermore. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
The formalities of my purchase has taken place for my property in Childwall. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
The deeds to our property are lost. The solicitors who conducted the conveyancing in Childwall 10 years ago no longer exist. Will I be able to sell the house?
These day there are copies made of almost everything, and your conveyancer will be aware exactly where to look for all the suitable documentation so you may purchase or dispose of your property without any difficulty. If copies are not available, your conveyancer may be able to put in place insurance or indemnities protecting you against possible claims on the property.
I have been on the look out for a flat up to £195,000 and found one round the corner in Childwall I like with amenity areas and station nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Childwall for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage that many years may be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.