My husband and I swapping mortgage lender for our apartment in Haggerston with Aldermore. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this document specific to the Aldermore conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Aldermore 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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.
Why do I have to pay up front for conveyancing in Haggerston?
If you are buying a property in Haggerston your lawyer will request that you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the purchase price then this should be asked for immediately prior to exchange of contracts. The final balance that is needed should be transferred shortly before completion.
I am purchasing my first flat in Haggerston with the aid of help to buy. The builders would not move on the amount so I negotiated 6k of additionals instead. The estate agent advised me not inform my conveyancer about the deal as it could jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Is it possible to change solicitor as I need to appoint a firm on the Clydesdale conveyancing list. I instructed a family conveyancing solicitor in Haggerston five minutes from me but she is not approved by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in Haggerston on the Clydesdale panel. Please note that the law firms that we list do not pay us fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Haggerston. In utilising search facility on this page, you can scrutinise charges for conveyancing solicitors in Haggerston and beyond.
My husband and I are 14 days into a residential purchase having been referred to conveyancers by the estate agent to handle our conveyancing in Haggerston. I am am very disappointed with the quality of service. Could you help me find new conveyancers?
A solicitor would have to be really bad in order to consider replacing them. Has your mortgage offer been sent? In the event that it has you will need to make them aware of the new conveyancer and ensure the loan are re-sent. Your conveyancer needs to be on the banks panel to avoid supplemental fees and delays. That should be your starting point. The search tool can help you find a lender approved solicitor for your conveyancing in Haggerston
I happen to be an executor of my recently deceased parent's Will, with a property in Haggerston which will be marketed. The bungalow is unregistered at HMLR and I'm advised that some EAs will insist that it is completed before they'll move forward. What's the procedure for this?
In the circumstances you refer to it seems prudent to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.