My partner and I are refinancing our flat in Rudry with UBS. We have a son 18 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of questions (1) Is this document specific to the UBS conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this extinguish his entitlement 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 UBS. This is solely used to protect UBS 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 UBS 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 our home can not be found. The conveyancers who did the conveyancing in Rudry 10 years ago have long since closed. What are my options?
In today’s world there are copies made of almost everything, and your conveyancer will know precisely where to locate all the relevant documentation so you may buy or sell your house without a hitch. Where duplicates can’t be located, your conveyancer may be able to put in place insurance or indemnities protecting you against future claims on the property.
I'm buying my first flat in Rudry with a loan from Norwich and Peterborough Building Society. The sellers refused to budge the price so I negotiated 6k of extras instead. The property agent advised me not to tell my lawyer about this side-deal as it could impact my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am a sole trader planning to lease a unit on the high street. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Rudry for under 1500k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Rudry, including the disposal and purchase of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. As for the fees these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or email so as to enable us to furnish you with a detailed commercial conveyancing calculation.
My husband and I are first time buyers - had an offer accepted, yet the agent informed us that the seller will only issue a contract if we instruct the agent's preferred solicitors as they want a ‘quick sale’. We would rather use a family solicitor accustomed to conveyancing in Rudry
It is highly unlikely the sellers are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to instruct your own,trusted Rudry conveyancing firm - not the ones that will provide the negotiator at the agency a commission or achieve conveyancing thresholds set by HQ.