My partner and I are refinancing our maisonette in Bexhill with Yorkshire BS. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 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 flat is repossessed. I have a couple of questions (1) Is this form unique to the Yorkshire BS conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this extinguish his rights 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.
We see that you have a post code search directory listing law firms on the HSBC conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Bexhill?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bexhill.
I bought my house on 8 September and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Bexhill advises it will be registered in a couple of weeks. Are transfers in Bexhill particularly slow to register?
There is nothing unique about conveyancing in Bexhill registration formalities. Rather than based on location, timeframes can adjust subject to the party submitting the application, whether it is in order and if the Land registry must send notices to any 3rd persons or bodies. Currently approximately 80% of such applications are completed within 12 days but some can be subject to extensive delays. Registration takes place once the new owner has moved in to the premises therefore 'speed' is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
How does conveyancing in Bexhill differ for new build properties?
Most buyers of new build or newly converted property in Bexhill come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Bexhill typically 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 accustomed to new build conveyancing in Bexhill or who has acted in the same development.
I need to retain a conveyancing solicitor for sale conveyancing in Bexhill. I've land on a web site which seems to have the ideal offering If it is possible to get all this stuff completed via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I today plan to offer on a house that seems to meet my requirements, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a leasehold house in Bexhill. Conveyancing solicitors have not yet been instructed. Will they explain the issues?
Most houses in Bexhill are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Bexhill in which case you should be looking for a Bexhill conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the property is part of an estate. Your conveyancer will report to you on the legal implications.
Bexhill Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
Be sure to find out if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being permitted in certain buildings in Bexhill. If you love the propertyin Bexhill however your cat is not allowed to make the move with you then you will be presented with a hard determination. Where a Bexhill lease has less than eighty years it will affect the salability of the flat. It is worth checking with your bank that they are content with the length of the lease. A short lease means that you will almost definitely require a lease extension sooner rather than later and you need to have some idea of what this would cost. For most Bexhilllease extensions you will be be obliged to have owned the premises for 24 months before you are entitled to exercise a lease extension. How long is the Lease?