My partner and I intend to remortgage our apartment in Corfe Castle with Aldermore. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of questions (1) Is this form unique to the Aldermore conveyancing panel as he never had to sign this form when we remortgaged 3 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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 were going to get a DIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Lloyds recommend any Corfe Castle solicitors on the Lloyds conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Corfe Castle solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
Coventry BS have agreed my mortgage in principle, my bid on a house in Corfe Castle has been accepted, now what?
The property agent will wish to be informed of your conveyancing practitioner's details (ensure that the lawyers are on the bank’s panel). Contact Coventry BS or your financial adviser and complete any appropriate paperwork. Coventry BS will appoint a valuer who will get in touch with the estate agent or vendor to book an appointment. Once conducted (assuming no problems) it takes on average ten days to get a mortgage offer. Coventry BS will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Corfe Castle.
After what feels like an age I have had an offer on a maisonette in Corfe Castle agreed to, but there is a chain. The vendors have placed an offer on a flat, but it’s not yet tied up, and are looking at other properties booked. I have instructed a nearby conveyancing solicitor in Corfe Castle. What do I do now? When do I get the mortgage application with Lloyds going?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then valuation, Corfe Castle conveyancing search charges, etc). First, you must check that your property lawyer is on the Lloyds conveyancing panel. As to the subsequent phase this very much depends on the circumstances of your case, motivation for the property and on the state of the market. During a buoyant market some home buyers will apply for the mortgage with Lloyds and arrange for the valuation and only if it comes back ok would they pay their conveyancer to move forward with the conveyancing in Corfe Castle.
My wife and I are close to exchanging contracts on the sale of our home in Corfe Castle and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any high street Corfe Castle lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Corfe Castle. Having lived in Corfe Castle for 4 years we know of no issue. Is it a good idea to contact our local Authority to get clarification need.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I have recentlydiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Corfe Castle for a purchase of a freehold house 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Corfe Castle conveyancing specialists.
I opted to have a survey done on a house in Corfe Castle prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend refuse to grant a loan on this type of house.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Corfe Castle. Conveyancing may be slightly more expensive based on your lender's requirements.