My fiance and I are refinancing our penthouse in Martock with Lloyds. We have a son 19 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of questions (1) Is this document specific to the Lloyds conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Lloyds conveyancing panel solicitor is doing the right thing 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 Lloyds. This is solely used to protect Lloyds 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 Lloyds 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 does exchange of contracts happen for residential conveyancing in Martock and do I need to be at the solicitors office?
Where you are in close proximity to our conveyancing solicitors in Martock you are welcome to attend to sign the paperwork. However, the law practices we recommend supply countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the solicitor to officially exchange at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Martock)to be in the office at the appropriate time.
Can I be sure that the Martock conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Martock obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer carrying out your transaction.
I am purchasing a property in Martock. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Co-operative be concerned?
Given that your lender is Co-operative your lawyer must follow the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook contains minimum provisions for solar panel roof-space leases, and lawyers are required to report to Co-operative where a lease fails to meet these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Martock.
I have paid off my mortgage with Clydesdale. I assume I don't need a Martock conveyancer on the Clydesdale panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Clydesdale 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 Clydesdale mortgage from the register. Clydesdale, 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 Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
I purchased my flat on 8 January and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Martock said it would be concluded in less than a month. Are titles in Martock uniquely lengthy to register?
There is nothing unique about conveyancing in Martock registration formalities. As opposed to being determined by geographic area, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry need to notify any other parties. Currently in the region of three quarters of submission are completed in less than three weeks but some can be subject to protracted delays. Registration is effected after the purchaser is living at the property so an expedited registration is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
I need to find a lender panel solicitor in Martock. Can you assist?
Unfortunately it’s not apparent why you need a Martock panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Martock are on their panel . If you do find such a firm in Martock not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site