I went with a local firm for our conveyancing in Umberleigh yesterday. After carefully reading the Ts and Cs I seeI am responsible for costs even if our purchase doesn't happen. Should I go with them or select an on-line lawyer who offer no move no charge conveyancing in Umberleigh?
Generally there is a concession along the lines that if "No Completion No Fee" is offered then the conveyancing charges will generally be more expensive to counteract those conveyances that abort. Dont forget that such schemes rarely protect you from outlay e.g. Umberleigh conveyancing search fees.
My husband and I intend to remortgage our penthouse in Umberleigh with HSBC. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose 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 apartment is repossessed. I have a couple of concerns (1) Is this form unique to the HSBC conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) Does our son by signing this giving up his entitlement 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.
How does conveyancing in Umberleigh differ for new build properties?
Most buyers of new build property in Umberleigh approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because developers in Umberleigh tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Umberleigh or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Umberleigh I like with a park and station nearby, the downside is that it only has 49 years on the lease. There is not much else in Umberleigh suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan that many years may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
As co-executor for the will of my aunt I am disposing of a residence in Swansea but I am based in Umberleigh. My conveyancer (approximately 260 miles awayrequires that I execute a stat dec before completion. Can you recommend a conveyancing solicitor in Umberleigh who can witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are located in Umberleigh
How much experience do your Umberleigh conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Umberleigh conveyancing lawyers help thousands of buyers move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Umberleigh conveyancers have worked on recent similar cases.