My husband and I changing mortgage lender for our apartment in East Yorkshire with Barclays. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose 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 apartment is repossessed. I have a couple of questions (1) Is this document specific to the Barclays conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this compromise his rights 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 Barclays. This is solely used to protect Barclays 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 Barclays 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.
As someone clueless as to the East Yorkshire conveyancing process what is the number one tip you can impart for the ownership transfer in East Yorkshire
You may not hear this from too many lawyers but conveyancing in East Yorkshire and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists lots of opportunity for conflict between you and others involved in the transaction. For example, the vendor, property agent and sometimes your mortgage company. Selecting a law firm for your conveyancing in East Yorkshire an important selection as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to protect your best interests and to keep you safe.
We are witnessing a definite creep in the "blame" culture- someone must be blamed for the process taking so long. We recommend that you your first instinct should be to trust your solicitor ahead of the other parties in the home moving process.
It has been 2 months since my purchase conveyancing in East Yorkshire concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 property 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.
My father-in-law has recommend that I instruct his conveyancing solicitors in East Yorkshire. Do I follow his advice?
Much as we are happy to recommend a East Yorkshire conveyancing lawyer the ideal way to find a conveyancing lawyer is to seek guidance from friends or relatives who have experience in using the firm you're contemplating using.
Is there a distinction between surveying and conveyancing in East Yorkshire?
Conveyancing - in East Yorkshire or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the seller to remedy the defects before you move in.