My fiance and I are refinancing our maisonette in Cheam with UBS. We have a son 19 who lives at home. 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, giving up any rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this form unique to the UBS conveyancing panel as he never had to sign this form when we bought 3 years ago (2) Does our son by signing this compromise 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 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.
Having sold my house in Cheam last May but the buyer keeps whats apping me complaining that his conveyancer needs to hear from mine. What should my lawyer have done following completion?
Following your disposal your conveyancer is committed to forward the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There is unlikely to be post completion tasks unique to conveyancing in Cheam.
Are the BSA planning on creating a search tool with a view to list solicitors on the Melton Mowbray Building Society conveyancing panel for example in Cheam?
Lexsure has not been advised of any plans on the part of the BSA to develop such a register.
I have recentlybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Cheam for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cheam conveyancing specialists.
I have been pointed in your direction by two or three local estate agents in Cheam to get a quote from a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to promote your services ahead of a competitor’s?
We refuse to give any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Been searching for a conveyancer for freehold sale conveyancing in Cheam. I'm selling, uncomplicated no mortgage to redeem, no hurry, no onward purchase. Received a quote from a conveyancer for £800 including VAT which is a little high considering its so straightforward. Can I pay less for conveyancing in Cheam?
Considering it’s a sale only, £500 + VAT would be about the cheapest for a Cheam solicitor firm.