My fiance and I are refinancing our maisonette in Wilford with HSBC. We have a son 19 who lives with us. Our solicitor requested us to identify 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 repossessed. I have a couple of questions (1) Is this form unique to the HSBC conveyancing panel as he did not need to sign this form when we remortgaged 5 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 HSBC 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 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.
We are purchasing a flat and need a conveyancing solicitor in Wilford who is on the Nottingham conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Wilford.
I used Stirling Law several years ago for my conveyancing in Wilford. I now require my file however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate 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 Wilford of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Wilford differ for newly converted properties?
Most buyers of new build property in Wilford come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Wilford typically purchase the site, 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 Wilford or who has acted in the same development.
I decided to have a survey carried out on a house in Wilford ahead of retaining solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements from Nationwide. If you e-mail us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wilford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wilford to see if the conveyancing will be more expensive.
Am in the process of purchasing my first home in Wilford. Conveyancing practitioner has been instructed. The financial consultant suggested that a survey is not appropriate as the property was only constructed twenty two years ago.
At the very least you should have a Home Buyer's Report. Given the premises was built more than a decade ago the property will not benefit from a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. The report should highlight any apparent problems and suggest further investigation where appropriate. If there are any indications of problems seek a full structural survey.