My fiance and I changing mortgage lender for our apartment in Hay On Wye with Skipton. We have a son 19 who lives with us. Our solicitor has asked us to disclose any adults 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 property is forfeited by the lender. I have two concerns (1) Is this document specific to the Skipton conveyancing panel as he never had to sign this form when we purchased 5 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 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.
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial property in Hay On Wye?
Many commercial conveyancing solicitors in Hay On Wye will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Hay On Wye. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hay On Wye.
For every commercial conveyancing transaction in Hay On Wye it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Hay On Wye commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Hay On Wye.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who handled the conveyancing in Hay On Wye 10 years ago are no longer around. What are my options?
Gone are the days when you need to have the physical official documentation to establish that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.
Due to the encouragement of my in-laws I had a survey completed on a house in Hay On Wye prior to retaining conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some banks will refuse to issue a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hay On Wye. Conveyancing will be smoother if you use a solicitor in Hay On Wye especially if they regularly deal with such properties in Hay On Wye.
I'm remortgaging my primary property to a buy to let mortgage with HSBC Bank and intend to use the remaining equity as a deposit on another house. The location we are talking about is Hay On Wye. Will your conveyancers be able to act for the two mortgage companies and link together the conveyances?
Do use our comparison tool on this site to ensure that the conveyancers are approved by both mortgage companies. Having checked that they are the solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and make apparent your desired outcome and requirements.