My husband and I changing mortgage lender for our maisonette in Edmonton with Skipton. We have a son 18 who lives with us. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have two questions (1) Is this form unique to the Skipton conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up 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 Skipton. This is solely used to protect Skipton 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 Skipton 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.
When will exchange of contracts take place for sale conveyancing in Edmonton and do I need to be at the solicitors branch?
Where you are in close proximity to one of the conveyancing solicitors in Edmonton you are invited in to sign contracts. However, the firms we recommend provide countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the point of no return. Signing on the dotted line is just a prerequisite for the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Edmonton)to be in the office available at the end of the phone to exchange contracts.
I require quick conveyancing in Edmonton as I am under pressure to complete inside one month. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
As you are not obtaining a home loan you are at free not to have searches conducted although no lawyer would recommend that you don't. With lots of history conveyancing in Edmonton the following are instances of what can be revealed and therefore affect market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
five months have gone by since my purchase conveyancing in Edmonton took place. I have checked the Land Registry site which shows that I paid £175,000 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.
I need to instruct a conveyancing lawyer in Edmonton for my house move. Can I check a firm’s record with the profession’s regulator?
Members of the public can search for documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.