My fiance and I are refinancing our flat in Lanchester with Yorkshire BS. We have a son 18 who lives with us. Our solicitor has asked us to disclose 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 two concerns (1) Is this document specific to the Yorkshire BS conveyancing panel as he never had to sign this form when we bought 3 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 Yorkshire BS. This is solely used to protect Yorkshire BS 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 Yorkshire BS 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 hope to to purchase with Norwich and Peterborough Building Society. We have called around locally yet cant to find a Lanchester conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you help?
You should take advantage of the search tool on this site. Please choose the building society and type Lanchester or your preferred area and you will discover numerous solicitors offices in Lanchester or by proximity to you.
What can a local search tell me regarding the property we're purchasing in Lanchester?
Lanchester conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search is essential in every Lanchester conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I'm purchasing my first flat in Lanchester benefiting from help to buy. The sellers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not to tell my solicitor about the side-deal as it will adversely affect my mortgage with the bank. 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.
Due to the guidance of my in-laws I had a survey completed on a property in Lanchester prior to instructing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks tend refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Lanchester. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Lanchester and I am already nervous. I couldn't find anything specific about Lanchester. Conveyancing will be needed in due course but do you know about the Lanchester area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Lanchester. In the meantime here are some basic statistics that we found