My partner and I intend to remortgage our penthouse in Lisson Grove with Aldermore. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults 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 flat is repossessed. I have two concerns (1) Is this form unique to the Aldermore conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Aldermore 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 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.
Will conveyancers ask for money on account when it comes to conveyancing in Lisson Grove?
If you are buying a property in Lisson Grove your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the deposit is as part of the sale price then this should be needed shortly ahead of exchange of contracts. The closing balance that is due will be payable shortly before completion.
My mortgage company has recommended a law firm on their panel based in Lisson Grove but I would rather use a conveyancing lawyer in Lisson Grove local to me. Can you assist?
The minority of Lisson Grove conveyancing practitioners are on all banks conveyancing panel. Please make use of our find an approved solicitor tool to identify a Lisson Grove conveyancing conveyancer on the on the lender panel.
I have todaydiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Lisson Grove for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Lisson Grove conveyancing specialists.
I'm buying my first flat in Lisson Grove benefiting from help to buy. The sellers would not reduce the amount so I negotiated 6k of additionals instead. The estate agent told me not disclose to my solicitor about this extras as it will jeopardize my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
My mother and father are encountering problems in finding their Lisson Grove land registry title on the site. They have a vague recollection back in the 70’s when they bought the property there were complications with Lisson Grove not being recognised in some systems.
Nearly all properties in Lisson Grove should appear. Have you limited your search with just the postcode. Normally it will identify all the properties inside that postcode. Where registered it will be there with a title number. Where they bought back in the 60’s it's conceivable it may be unregistered. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title papers which might be with your parent’s lender.