My wife and I are refinancing our apartment in Highcliffe with Kent Reliance. We have a son approaching twenty 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, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Kent Reliance conveyancing panel as he did not need to sign this form when we bought 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 Kent Reliance. This is solely used to protect Kent Reliance 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 Kent Reliance 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're in Highcliffe, First time buyers purchasing with a mortgage (lender is Clydesdale , and our lawyer is on the Clydesdale conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Clydesdale conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
When it comes to lenders such as TSB, do Highcliffe conveyancing practitioners face a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Can you point me to a directory of Kent Reliance panel solicitors in Highcliffe on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings viewable online. If you are seeking to appoint a Highcliffe lawyer on the Kent Reliance please use our tool.
I have finally had an offer on an apartment in Highcliffe agreed to, the vendors do nevertheless have a tied purchase. The sellers have put an offer on somewhere, however it’s not yet agreed to, and have viewings of other flats booked. I have chosen a high street conveyancing solicitor in Highcliffe. What should be my next step? At what point should I apply for the mortgage with Barclays?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of £1k, then valuation, Highcliffe conveyancing search costs, etc). The first thing to do is ensure that your conveyancer is on the Barclays approved list. Regarding the subsequent stages this very much depends on the uniqueness of your transaction, motivation for the property and on the state of the market. In a rising market the majority of purchasers will apply for a home loan with Barclays and pay for the valuation and only if it comes back ok would they ask their solicitor to move forward with the conveyancing in Highcliffe.
Will commercial conveyancing searches reveal proposed roadworks that could affect a commercial property in Highcliffe?
Many commercial conveyancing solicitors in Highcliffe will order 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 Highcliffe. The search result sets out 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 Highcliffe.
For every commercial conveyancing transaction in Highcliffe it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Highcliffe commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Highcliffe.
The deeds to my property are lost. The conveyancers who dealt with the conveyancing in Highcliffe 10 years ago no longer exist. What do I do?
Assuming the title is registered the information relating to your ownership will be documented by HMLR under a Title Number. It is easy to perform a search at the Land Registry, locate your house and obtain up to date copies of the Registered Entries for less than a fiver. If the title is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
What tools are available to identify a Highcliffe law firm on the Nottingham Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 25miles to meet the lawyer.
You can use the tool on this page. Please select a lender and your location and you will see a number of Highcliffe conveyancing lawyers based on proximity. We have detailed some Highcliffe conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Nottingham Building Society approved list