My husband and I intend to remortgage our apartment in Woodbridge with Principality. We have a son 19 who lives with us. Our solicitor has asked us to disclose 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 apartment is forfeited by the lender. I have two questions (1) Is this document specific to the Principality 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?
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 Principality. This is solely used to protect Principality 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 Principality 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.
As someone unfamiliar with conveyancing in Woodbridge what is your top tip you can give me concerning the legal transfer of property in Woodbridge
Not many law firms shout this from the rooftops but conveyancing in Woodbridge or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is an abundance of opportunity for conflict between you and others involved in the transaction. For instance, the seller, selling agent and even potentially the bank. Selecting a lawyer for your conveyancing in Woodbridge is a critical decision as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to protect your best interests and to protect you.
There is a distinct emergence of a "blame" culture- someone must be blamed for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer ahead of the other parties in the home moving process.
We are purchasing a house and the lawyer has raised the issue of Chancel Repair for which the house could be obligated to contribute to because it falls into the area of such a church. He has mentioned insurance. Is this strictly warranted for conveyancing in Woodbridge
Unless a prior purchase of the house completed after 12 October 2013 you may take it that lawyers handling conveyancing in Woodbridge to remain recommending a chancel search and or chancel repair liability insurance.
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who handled the conveyancing in Woodbridge 4 years ago are no longer around. Will I be able to sell the house?
You no longer need to hold title official documentation to evidence that you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.
How does conveyancing in Woodbridge differ for newly converted properties?
Most buyers of new build or newly converted property in Woodbridge come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because builders in Woodbridge usually buy 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 accustomed to new build conveyancing in Woodbridge or who has acted in the same development.
My partner has encouraged me to instruct his lawyers for conveyancing in Woodbridge. Do I follow his advice?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to seek guidance from friends or relatives who have actually experience in using the firm that you are contemplating using.