My husband and I swapping mortgage lender for our maisonette in Custom House with Clydesdale. We have a son approaching twenty who lives at home. 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 flat is repossessed. I have a couple of questions (1) Is this form unique to the Clydesdale conveyancing panel as he did not need 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?
First, rest assured that your Clydesdale conveyancing panel solicitor is doing the right thing 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 Clydesdale. This is solely used to protect Clydesdale 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 Clydesdale 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.
Do the Building Society Association intend to launch a searchable register to to identify firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Custom House?
We are not aware of any plans on the part of the BSA to promote such a search facility.
I'm spending time looking at flats in Custom House and I am now considering a potential offer. Should I already have a conveyancing practitioner appointed at this stage? I am planning to take a mortgage with Clydesdale.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are taking out a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
The mortgage over my property is with Skipton for my property in Custom House. Conveyancing has been completed some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Skipton?
Skipton must be informed of your intention prior to letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. It should not be necessary to do this via a Skipton conveyancing panel firm.
Leeds Building Society have agreed my mortgage in principle, my bid on a apartment in Custom House has been agreed to, what are the next steps?
The estate agent will wish to know who your solicitors are (make sure the solicitors are on the lender’s panel). Call up Leeds Building Society or your financial adviser and complete any appropriate paperwork. Leeds Building Society will sellect a valuer who will get in contact with the estate agent or vendor to book an appointment. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Leeds Building Society will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Custom House.
My partner and I are close to exchanging contracts on the sale of our property in Custom House and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a factory type conveyancing practice rather than a conveyancing solicitor in Custom House. We have lived in Custom House for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I am looking into buying my first house which is in Custom House and I am already nervous. I couldn't find anything specific about Custom House. Conveyancing will be needed in due course but do you know about the Custom House area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Custom House. In the meantime here are some basic statistics that we found
Me and mywife and I are searching for an affordable conveyancing lawyer in Custom House to buy a apartment. I really don't want to get ripped off and there's various Custom House conveyancing practices to choose from...who's the best?
Where you’ve never instructed a conveyancer previously, a trustworthy recommendation from family or friends is a great place to start and is often the best barometer of quality. Alternatively, you should review the client feedback published on your solicitor’s website or make the most of our search tool to choose a conveyancing lawyer in Custom House.