My fiance and I intend to remortgage our flat in Shefford with Kent Reliance. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the Kent Reliance conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this compromise his rights 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 Kent Reliance. This is solely used to protect Kent Reliance 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 Kent Reliance 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 are selling our house in Shefford. Will the conveyancing practitioner have to be on the Yorkshire BS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
A colleague suggested that if I am buying in Shefford I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Shefford conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Shefford around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Shefford Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Shefford.
Due to the encouragement of my in-laws I had a survey completed on a property in Shefford in advance of appointing solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some banks may not grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shefford. Conveyancing will be smoother if you use a solicitor in Shefford especially if they are familiar with such properties in Shefford.
How easy is it to switch firm as I have to retain a firm on the Platform Home Loans Ltd conveyancing panel. I instructed a family conveyancing solicitor in Shefford round the corner but she is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in Shefford on the Platform Home Loans Ltd panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Shefford. Using the find a conveyancing solicitor tool on this site, you can compare fees for conveyancing solicitors in Shefford and throughout England and Wales.
My partner has encouraged me to appoint his conveyancing solicitors in Shefford. Do I take his guidance?
No doubt the ideal way to choose a conveyancing solicitor is to get referrals from friends or relatives who have actually used the solicitor that you are contemplating using.