My partner and I swapping mortgage lender for our maisonette in Osidge with Yorkshire BS. We have a son 19 who lives with us. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this document specific to the Yorkshire BS conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Yorkshire BS 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 Yorkshire BS. This is solely used to protect Yorkshire BS 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 Yorkshire BS 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 property can not be found. The conveyancers who dealt with the conveyancing in Osidge 10 years ago no longer exist. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your lawyer should know precisely where to locate all the relevant documentation so you may buy or dispose of your property without a hitch. If copies can’t be located, your conveyancer may be able to put in place insurance or indemnities protecting you against possible claims on the property.
How does conveyancing in Osidge differ for new build properties?
Most buyers of new build property in Osidge contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Osidge 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 conveyancing solicitors 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 Osidge or who has acted in the same development.
We're FTB’s - had an offer accepted, but the estate agent told us that the vendor will only go ahead if we use their recommended conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Osidge
It is improbable the vendors are behind this. If they desire ‘a quick sale', alienating a serious buyer is counter productive. Try to communicate with the vendors directly and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you intend to proceed fast (e)but you intend to appoint your preferred Osidge conveyancing solicitors - as opposed tothe ones that will provide their estate agent a commission or hit his conveyancing thresholds demanded by corporate headquarters.
Can I find out who owns a house in Osidge?
Provided the premises is recorded at the Land Registry, and you have enough information of the location of the property, you should be able to obtain results from the HMLR of the recorded proprietor for a for less than a fiver.