My partner and I intend to remortgage our penthouse in Newton Aycliffe with UBS. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of questions (1) Is this document specific to the UBS conveyancing panel as he did not need to sign this form when we purchased 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 UBS. This is solely used to protect UBS 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 UBS 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.
I am looking to buy a house and need a conveyancing solicitor in Newton Aycliffe who is on the Halifax approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Halifax in certain locations such as Newton Aycliffe. We dont recommend any particular firm.
A friend pointed out to me me that in purchasing a property in Newton Aycliffe there could be various restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Newton Aycliffe which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Newton Aycliffe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Please help - my lawyer advises that lack of building regulations insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Newton Aycliffe?
The appropriate level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and Leeds Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
After what feels like an age I have had an offer on an apartment in Newton Aycliffe agreed to, but there is a chain. The sellers have offered on a flat, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have selected a high street conveyancing solicitor in Newton Aycliffe. What do I do now? At what stage should I apply for the mortgage with Kent Reliance?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Newton Aycliffe conveyancing search fees, etc). First, you should check that your lawyer is on the Kent Reliance approved list. Concerning the subsequent phase this very much dictated by the circumstances of your transaction, motivation for this property and on the state of the market. During a hot market some purchasers will apply for a home loan with Kent Reliance and pay for the valuation and only if it comes back ok would they request their conveyancing practitioner to press on with searches.
Are there restrictive covenants that are commonly picked up during conveyancing in Newton Aycliffe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Newton Aycliffe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm refinancing my existing home to a BTL mortgage with Bank of Scotland and I will use the ballance of the raised equity as a deposit on a second property. The area we are interested in is Newton Aycliffe. Will your solicitors be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this site to be sure that the lawyers are on the appropriate lender panels. Assuming that they are the conveyancer will be able to connect the two deals but you should talk with you solicitor and make clear your desired outcome and needs.
I have been searching for Newton Aycliffe competitive conveyancing fees. Can I be sure that all the Newton Aycliffe firms that are listed on your website are on the bank conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Newton Aycliffe conveyancing solicitor being on the mortgage company conveyancing panel is incorrect.