My fiance and I intend to remortgage our maisonette in Gwaelod Y Garth with UBS. We have a son approaching twenty who lives with us. 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 property is repossessed. I have a couple of concerns (1) Is this document specific to the UBS conveyancing panel as he never had to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his entitlement 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 UBS. This is solely used to protect UBS 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 UBS 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.
Despite weeks of looking the Title Certificate and documents to my home are lost. The solicitors who did the conveyancing in Gwaelod Y Garth 5 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to hold title official documentation to prove you own the land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in Gwaelod Y Garth differ for newly converted properties?
Most buyers of new build property in Gwaelod Y Garth contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because builders in Gwaelod Y Garth tend to buy the real estate, 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 property lawyers 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 Gwaelod Y Garth or who has acted in the same development.
Hoping to buy a property located in Gwaelod Y Garth and I am already nervous. I couldn't find anything specific about Gwaelod Y Garth. Conveyancing will be needed in due course but do you know about the Gwaelod Y Garth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Gwaelod Y Garth. In the meantime here are some basic statistics that we found
On the look out for a conveyancing solicitor in Gwaelod Y Garth. I did have one sorted but they are not on the panel for Leeds Building Society. It seems that nowadays most lenders only allow conveyancing practitioners on their panel. Extremely annoying limiting the choice for the paying public. Please can you suggest a trustworthy Gwaelod Y Garth conveyancer that will act for us as well as represent Leeds Building Society?
LenderPanel.com is limited to being a directory service for property lawyers who wish to be listed as being on the approved conveyancing panel for Leeds Building Society in certain locations for instance Gwaelod Y Garth . We dont recommend any specific solicitor.