My husband and I swapping mortgage lender for our apartment in Silverton with TSB. We have a son 18 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 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 forfeited by the lender. I have two questions (1) Is this form unique to the TSB conveyancing panel as he never had to sign this form when we bought 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your TSB 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 TSB. This is solely used to protect TSB 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 TSB 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.
My colleague advised me that where I am purchasing in Silverton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Silverton conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Silverton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics 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 regarding Silverton.
Have completed on a a terraced house in Silverton , how long will it take for the Land Registry to record my proprietorship? My Silverton conveyancing solicitor works at snail pace, so I want to be sure that my purchase is recorded.
There is nothing unique about conveyancing in Silverton registration formalities. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any interested parties. As of today in the region of 80% of submission are fully addressed within 12 days but occasionally there can be protracted hold-ups. Registration takes place once the purchaser has moved in to the property therefore registration formalities is not always top priority but where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Silverton I like with open areas and station nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Silverton for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
How do I search for a Silverton law firm on the HSBC Bank conveyancing panel? I drive a motor bike and am prepared to travel upto 25miles to meet the solicitor.
Feel free to make use of the search on this page. Please choose the bank and your location and you will see a number of Silverton conveyancing lawyers based on proximity. We have listed some Silverton conveyancing firms towards the end of this page and you can contact them to check if they are on the HSBC Bank member panel
I have been sourcing a conveyancing solicitor in Silverton for my home move. Is there any facility to check a firm’s record with the profession’s regulator?
You can see documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.