My partner and I changing mortgage lender for our flat in Hampton with Aldermore. 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 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 flat is forfeited by the lender. I have two concerns (1) Is this document specific to the Aldermore conveyancing panel as he did not need to sign this form when we purchased 4 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 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.
We are purchasing a flat and need a conveyancing solicitor in Hampton who is on the HSBC approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Hampton.
I need some expedited conveyancing in Hampton as I have pressure to sign on the dotted line in less than 3 weeks. Fortunately I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash purchaser you are at liberty not to have searches conducted although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Hampton the following are instances of issues that can show up and therefore impact the marketability of the property: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
Are there restrictive covenants that are commonly picked up as part of conveyancing in Hampton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hampton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Hampton with a loan from Birmingham Midshires. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not disclose to my lawyer about this side-deal as it may impact my loan 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.
The conveyancers conducting our conveyancing in Hampton has forwarded documents to review that state the property is unregistered with epitome documents. How can it be that the property not registred at HM Land Regsitry?
Whilst the vast majorities of properties in Hampton are now registered with HMLR there are still a few that are unregistered. Any property in Hampton that has been remortgaged since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Hampton property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Hampton conveyancing lawyers should be able to handle this type of conveyancing but where uncertainty reigns the conventional recommendation presently is for the vendor’s solicitor to undertake the registration formalities first and then deal with the dispose of the property to the purchaser - this no doubt result in a protracted transaction.