I plan on purchasing property in Woodside Park. My Solicitor has never been on on the lender approved panel. Am I still permitted to appoint my Woodside Park conveyancing solicitor even though they are not on the mortgage company panel of approved conveyancing solicitors?
One must instruct a conveyancer to deal with the formalities if you need a loan to buy your home. They will conduct all the relevant legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is in place. You could appoint a Woodside Park solicitor of your choice. However, where the lawyer selected is not on the mortgage company solicitor panel additional costs will be levied as separate legal representation will be need by the lender. Conveyancing panel applications can be submitted, so where your conveyancer has not historically sought membership they should do so.
My partner and I intend to remortgage our penthouse in Woodside Park with Leeds Building Society. We have a son 19 who lives at home. 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, giving up any rights in the event that the apartment is repossessed. I have two questions (1) Is this document specific to the Leeds Building Society conveyancing panel as he did not need to sign this form when we remortgaged 4 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 Leeds Building Society. This is solely used to protect Leeds Building Society 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 Leeds Building Society 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 are purchasing a property and need a conveyancing solicitor in Woodside Park who is on the RBS conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS . We don't recommend any particular firms conducting conveyancing in Woodside Park.
Do I need to attend the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Woodside Park so that I can attend their offices if necessary.
Nowadays approved lawyers for mortgage companies carry out their communications through Royal Mail, e-mail or over phone calls. This means that they can undertake the conveyancing transaction no matter where you live in the country. Nevertheless you should check if you have the option of visiting the offices of your conveyancing lawyer if you prefer.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, chain free conveyancing. Woodside Park is the location of the property. Can you offer any guidance?
Flying freeholds in Woodside Park are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woodside Park you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodside Park may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My mum and dad are unable to locate their Woodside Park property on the HMLR website. They have a vague recollection fifty years ago when they acquired the bungalow there were complications regarding Woodside Park not being identified on some systems.
The vast majority of residences in Woodside Park should show up. Have you attempted a search with simply the postcode. Normally it will mention all the houses and flats inside that postcode. Where registered it will show up with a title number. If they bought sixty years ago it's conceivable it may be unregistered. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title documentation which could be with your parent’s mortgage company.