My partner and I intend to remortgage our apartment in Hornsea with RBS. We have a son approaching twenty who lives with us. Our solicitor requested us to identify any adults 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 property is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the RBS conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your RBS 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 RBS. This is solely used to protect RBS 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 RBS 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 selling our property in Hornsea and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Hornsea conveyancer would know this is not the case. It does beg the question why the buyers instructed a national conveyancing outfit rather than a conveyancing solicitor in Hornsea. We have lived in Hornsea for 4 years we know of no issue. Do we contact our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should 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 health insurance to cover that same illness)
I used Arc property Solicitors several years ago for my conveyancing in Hornsea. Now, I need the files but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hornsea of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a flat up to £195,000 and found one near me in Hornsea I like with a park and transport links in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Hornsea suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Hoping to buy a property located in Hornsea and I am already nervous. I couldn't find anything specific about Hornsea. Conveyancing will be needed in due course but do you know about the Hornsea area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hornsea. In the meantime here are some basic statistics that we found
Finally our conveyancing in Hornsea is set to complete next Friday, but the couple I am buying off wants to move out on the Saturday noon. Can I agree to this?
You can't complete on a Saturday due to the bank systems aren't working.