My fiance and I intend to remortgage our penthouse in East Sheen with UBS. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 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 apartment is repossessed. I have a couple of concerns (1) Is this form unique to the UBS conveyancing panel as he did not need 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.
Do commercial conveyancing searches disclose proposed roadworks that could affect a commercial premises in East Sheen?
Many commercial conveyancing solicitors in East Sheen will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in East Sheen. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in East Sheen.
For each commercial conveyancing transaction in East Sheen it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to East Sheen commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in East Sheen.
I'm buying a new build house in East Sheen benefiting from help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my lawyer about the side-deal as it would adversely affect my mortgage with Chelsea Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Should I be concerned by third parties that I am dealing with are recommending an online conveyancing firm as opposed to a High Street East Sheen conveyancing practice?
As is the case with lots of professional services, often recommendations from relatives can be extremely useful or valuable. Yet there are lots of players in a conveyancing transaction; estate agents, financial adviser and banks may suggest lawyers to use. Sometimes the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there exists a commercial relationship behind the recommendation. You are free to choose your preferred conveyancer. However, bear in mind that some banks operate an approved list of law firms you are obliged to use for the mortgage related work in your house move.
I am looking for a conveyancing lawyer in East Sheen for my house move. Is there any facility to review a firm’s record with the profession’s regulator?
Members of the public can see documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.
My sister purchased her house in East Sheen in 2006. She has been married, divorced and is now remarried. She now wishes to the sell the East Sheen property. I believe she will simply be asked to provide a copy of her marriage certificates to the solicitor but she is anxious it could frustrate the conveyancing. Should she instruct a conveyancing practitioner to update the land title documents for the house?
You are not required to bring up to date the title for the property providing you have the proof needed to show how the name change occurred.
Any buyer’s property lawyer will review the registered details and request evidence to prove the change of name for instance marriage documentation.