My fiance and I intend to remortgage our maisonette in Selston with Yorkshire BS. We have a son 18 who lives with us. Our solicitor has asked us to disclose any adults 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 apartment is forfeited by the lender. I have two questions (1) Is this form unique to the Yorkshire BS conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right 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 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.
Finally the sale completed on my house in Selston last August yet the purchaser is SMS messaging me complaining that their lawyer is waiting to hear from mysolicitor. What should my lawyer have done following completion?
Post completion of your disposal your lawyer should forward the transfer deeds and all supplemental paperwork to the purchaser's solicitors. Where appropriate, your conveyancer must also confirm that the mortgage has been repaid to the purchasers conveyancers. There is unlikely to be post completion procedures just for conveyancing in Selston.
I acquired my home on 13 February and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Selston said it should be dealt with in less than a month. Are titles in Selston uniquely lengthy to register?
As far as conveyancing in Selston registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and if the Land registry communicate with any other persons or bodies. At present approximately 80% of such applications are fully addressed within two weeks but occasionally there can be extensive hold-ups. Historically registration occurs after the purchaser is living at the premises so an expedited registration is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Selston differ for new build properties?
Most buyers of new build or newly converted property in Selston come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Selston usually buy the land, 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 property lawyers 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 Selston or who has acted in the same development.
We're first time buyers - agreed a price, yet the property agent informed us that the seller will only go ahead if we use their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a local solicitor accustomed to conveyancing in Selston
We suspect that the seller is unaware of this demand. Should the owner want ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are serious purchasers (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your own,trusted Selston conveyancing solicitors - not the ones that will earn the negotiator at the agency a introducer fee or meet his conveyancing thresholds set by HQ.
Are all Selston conveyancers on every bank conveyancing panel?
You can use our search tool or you can go into your high street lender branch in Selston. Chances are that they can recommend conveyancing solicitors in Selston