My wife and I swapping mortgage lender for our flat in Dulas and Nebo with Kent Reliance. We have a son 18 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of questions (1) Is this form unique to the Kent Reliance conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Kent Reliance 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 Kent Reliance. This is solely used to protect Kent Reliance 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 Kent Reliance 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're in Dulas and Nebo, First time buyers purchasing with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Dulas and Nebo differ for new build properties?
Most buyers of new build residence in Dulas and Nebo contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Dulas and Nebo usually acquire 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 conveyancing solicitors 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 accustomed to new build conveyancing in Dulas and Nebo or who has acted in the same development.
Hoping to buy a property located in Dulas and Nebo and I am already nervous. I couldn't find anything specific about Dulas and Nebo. Conveyancing will be needed in due course but do you know about the Dulas and Nebo area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Dulas and Nebo. In the meantime here are some basic statistics that we found
My mum and dad are encountering problems in finding their Dulas and Nebo property on the HMLR website. They recall that back in the 60’s when they purchased the property there were complications with the post code not being identified on some systems.
Nearly all residences in Dulas and Nebo should show up. Have you tried a search to just the postcode. Normally it should mention all the residences within the postcode. Where recorded it will be there with a title number. Where they bought back in the 60’s it's conceivable it may be unrecorded. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title papers which might be with your parent’s mortgage company.