My IFA says he needs my Lake lawyer’ panel member for the HSBC conveyancing panel. How do I discover this. I have called my local Lake branch but they cant find it on their system.
You are best placed to get this information from your Lake conveyancing practitioner . They keep a central record lender panel numbers.
My wife and I swapping mortgage lender for our apartment in Lake 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, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this document specific to the Barclays conveyancing panel as he never had to sign this form when we bought 4 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 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.
Forgive me if this question is silly but I am new to the home buying as FTB of a two bedroom flat in Lake. Do I pick up the keys to the property on the completion date from my conveyancer? If so, I will find a High Street conveyancing solicitor in Lake?
On the day of completion you do not need to go to the conveyancers office in Lake. Your solicitors will electronically transfer the purchase money to the seller's solicitors, and once they have received this, you should be invited to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
My husband and I have organised the release of further monies on our home loan from Principality as we intend to conduct improvements to our property in Lake. Are we obliged to select a local Lake solicitor on the Principality conveyancing panel to handle the paperwork?
Principality would not normally appoint firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality conveyancing panel.
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Lake lawyer on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
Will my conveyancer be making enquiries about flooding as part of the conveyancing in Lake.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Lake. Plenty of people will purchase a house in Lake, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to impart advice on flood risk, however there are a various searches that can be carried out by the buyer or by their solicitors which can give them a better appreciation of the risks in Lake. The standard completed inquiry forms supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to determine whether the property has suffered from flooding. If flooding has previously occurred and is not notified by the owner, then a buyer may issue a claim for damages as a result of such an inaccurate response. A purchaser’s solicitors will also commission an enviro report. This should reveal whether there is a recorded flood risk. If so, more detailed inquiries should be initiated.
I used Action Conveyancing several years ago for my conveyancing in Lake. Now, I need my files however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lake of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.