My partner and I are refinancing our maisonette in Polesworth with Leeds Building Society. 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, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this document specific to the Leeds Building Society conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Leeds Building Society 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 Leeds Building Society. This is solely used to protect Leeds Building Society 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 Leeds Building Society 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.
Finally the sale completed on my house in Polesworth last January but my buyer keeps e-mailing every few hours to moan that her solicitor is waiting to hear from mine. What should my lawyer have done following completion?
After completion of your disposal your lawyer should send the transfer deeds and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer should also confirm that the mortgage has been redeemed to the buyers lawyers. There is unlikely to be post completion tasks unique to conveyancing in Polesworth.
We are intent on selling our property in Polesworth and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Polesworth lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using a national conveyancing firm as opposed to a conveyancing solicitor in Polesworth. Having lived in Polesworth for three years we know of no issue. Should we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, chain free conveyancing. Polesworth is where the house is located. Is there any guidance you can impart?
Flying freeholds in Polesworth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Polesworth you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Polesworth may decide 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 do I use the search app to choose a conveyancing lawyer in Polesworth on the approved list for my bank?
1st pick a lender such as Yorkshire Building Society, Coventry Building Society or Nottingham Building Society then specify your location for instance Polesworth. Conveyancing practices in Polesworth and further afield should be listed.
What do I do if I am unhappy with the property lawyer who undertook my conveyancing in Polesworth?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that sometimes matters do not go as planned. However there is recourse if you were dissatisfied with your conveyancing in Polesworth. This varies from trying to resolve matters directly with them, through to reporting a property lawyer to their governing body. If you remain aggrieved you may consider getting in touch with the Legal Ombudsman.