My IFA says he needs my Alford solicitor’s panel member for the Nationwide conveyancing panel. How do I obtain this. I have tried my local Alford branch but they have not got back to me yet.
You are best placed to get this information from your Alford solicitor . Most Alford conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
My husband and I intend to remortgage our flat in Alford 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. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this document specific to the UBS conveyancing panel as he never had to sign this form when we purchased 3 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 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.
We're in Alford, First timers buying with a mortgage (lender is Clydesdale , and our lawyer is on the Clydesdale conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Clydesdale conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer 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.
How does conveyancing in Alford differ for newly converted properties?
Most buyers of new build or newly converted property in Alford come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Alford tend to buy the site, 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 used to new build conveyancing in Alford or who has acted in the same development.
Hoping to buy a property located in Alford and I am already nervous. I couldn't find anything specific about Alford. Conveyancing will be needed in due course but do you know about the Alford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Alford. In the meantime here are some basic statistics that we found
My wife and I may need to rent out our Alford basement flat temporarily due to a career opportunity. We used a Alford conveyancing practice in 2003 but they have closed and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?
A lease governs relations between the freeholder and you the leaseholder; in particular, it will say if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Alford do not contain an absolute prevention of subletting – such a provision would adversely affect the market value the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
Alford Leasehold Conveyancing - A selection of Queries before Purchasing
-
Best to be warned if redecorating or some other significant cost is coming up that will be shared between the leaseholders and will dramatically impact the level of the service costs or require a one time payment. Does the lease include onerous restrictions?