My husband and I intend to remortgage our penthouse in Parkstone with Lloyds. We have a son 19 who lives at home. 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 property is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Lloyds 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?
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.
We're in Parkstone, FTBs purchasing with a mortgage (lender is Skipton , and our solicitor is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to our home are lost. The lawyers who handled the conveyancing in Parkstone 4 years ago have long since closed. What are my next steps?
Nowadays there are duplicates made of almost everything, and your solicitor should be aware exactly where to find all the relevant documentation so you can purchase or sell your property without any difficulty. Where copies can’t be located, your solicitor may be able to put in place insurance or indemnities protecting you against future claims on your property.
I am looking to sell my property. My previous solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Parkstone if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Parkstone. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I purchased a house in Parkstone last 8/4/2020 and to date it is still not recorded with HM Land Registry. It was part of a development site and my conveyancing practitioner told me that it can take twelve months to register. I have called HMLR directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?
Contact your property lawyer - if you are not getting sensible responses, find out about their firm’s complaints protocol and escalate your problem to a Partner. Registrations for Parkstone conveyancing are not known to be particularly slow.