My wife and I intend to remortgage our apartment in Hurst Green with Nottingham. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this document specific to the Nottingham conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your Nottingham 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 Nottingham. This is solely used to protect Nottingham 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 Nottingham 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 planning to purchase with Norwich and Peterborough Building Society. I went into a couple of local practices yet am struggling to find a Hurst Green conveyancing firm on the Norwich and Peterborough Building Society panel. Can you assist?
Please do make the most of the find a lender approved solicitor tool on this site. Please choose the lender and type Hurst Green or your preferred area and you will see numerous conveyancers located in Hurst Green or near you.
Is it correct that all Hurst Green CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing list of approved practices?
Some major lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
I had a mortgage agreed in principle with Kent Reliance. Hurst Green conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
Some lenders take longer than others. Have Kent Reliance completed the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I are at the point of viewing houses in Hurst Green and I am about to put in an offer. Should I already have a solicitor in place at this point? I am planning to take a mortgage with TSB.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are getting a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
I am buying a new build house in Hurst Green benefiting from help to buy. The builders refused to move on the price so I negotiated 6k of additionals instead. The house builders rep advised me not reveal to my lawyer about the deal as it would impact my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Hurst Green is where the house is located. What do you suggest?
Flying freeholds in Hurst Green are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hurst Green you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hurst Green may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How does one as executor remove a deceased person's name from the title register for a house in Hurst Green?
Where a Hurst Green property is co-owned and one of the owners passes away, their name will not immediately be removed from the title deeds. It is not necessary to amend the title as in the event of a disposal you would simply be required to supply proof why the joint proprietor is not included in the contract, usually this is in the form of a grant of probate.
With a view to making the sale conveyancing more straight forward in the future you may arrange to have the deceased person removed from the title by applying to HM Land Registry with proof of the death. There is no land registry fee payable.