My fiance and I swapping mortgage lender for our apartment in Muswell Hill with . We have a son approaching twenty who lives with us. 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, waiving any legal rights in the event that the flat is repossessed. I have two concerns (1) Is this document specific to the conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your 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 . This is solely used to protect 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 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.
Having sold my house in Muswell Hill last September yet the purchaser is Skype messaging me complaining that his conveyancer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your sale your solicitor is duty bound to send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been discharged to the purchasers conveyancers. There are no post completion tasks just for conveyancing in Muswell Hill.
I am close to exchanging contracts on the sale of our property in Muswell Hill and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used an internet conveyancing practice as opposed to a conveyancing solicitor in Muswell Hill. We have lived in Muswell Hill for six years we know that this is a non issue. Should we contact our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
How does conveyancing in Muswell Hill differ for newly converted properties?
Most buyers of new build residence in Muswell Hill contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because builders in Muswell Hill typically acquire 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 conveyancers 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 used to new build conveyancing in Muswell Hill or who has acted in the same development.
Is it best to use a Muswell Hill conveyancing lawyer in close proximity to the house I am buying? An old friend can perform the conveyancing however his firm is located 300kilometers away.
The benefit of a high street Muswell Hill conveyancing practice is that you can visit the firm to sign documents, present your ID and apply pressure on them if necessary. Having local Muswell Hill know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and in the main were impressed that should trump using an unfamiliar Muswell Hill conveyancing lawyer just because they are local.