My wife and I intend to remortgage our maisonette in Pickering with HSBC. 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, waiving any legal rights in the event that the property is repossessed. I have two questions (1) Is this form unique to the HSBC conveyancing panel as he did not need to sign this form when we remortgaged 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 HSBC. This is solely used to protect HSBC 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 HSBC 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 can see plenty of here concerning conveyancing in Pickering but can you isolate your top tip for choosing the right conveyancer in Pickering
It would be unwise to be tempted by the cheapest Pickering conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I had a mortgage agreed in principle with Leeds Building Society. Pickering conveyancing lawyers have been selected. How long does it take for Leeds Building Society to forward the offer to the conveyancer?
Some lenders take longer than others. Have Leeds Building Society completed the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am buying a property in Pickering. One unusual aspect is that the roof has a solar panel. Skipton have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Skipton your lawyer must follow the formal requirements contained in Section 2 of UK Finance Lenders’ Handbook for Skipton. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Skipton where a lease does not satisfy these specifications. The provisions relate to the installation of panels on properties nationwide and is not isolated to Pickering.
I used Stirling Law several years past for my conveyancing in Pickering. Now, I need my documents however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Pickering of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the advice of my in-laws I had a survey completed on a house in Pickering before instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks will not grant a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Pickering. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Pickering to see if the conveyancing will be more expensive.
My husband and I are new to the buying process - had an offer accepted, yet the selling agent informed us that the vendor will only proceed if we appoint their chosen conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Pickering
We suspect that the owner is not behind this request. Should the seller desire ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Try to communicate with the owners directly and make sure they understand (a)you are serious purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you are going to use your preferred Pickering conveyancing firm - not the ones that will provide the negotiator at the agency a kickback or hit his conveyancing targets pre-set by head office.
Can a conveyancer remove a name from the title of my property in Pickering ?
Subtracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a property lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner