My fiance and I are refinancing our maisonette in Byker and Walker 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, giving up any rights in the event that the property is repossessed. I have a couple of concerns (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 giving up his entitlement to inherit the property?
First, rest assured that your Principality 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 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.
Finally the sale completed on my house in Byker and Walker last January but our buyer keeps telephoning every few hours to moan that their lawyer needs to hear from mine. What should my lawyer have done following completion?
After completion of your house sale your lawyer is obliged to forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your conveyancer must also confirm that the home loan has been repaid to the buyers solicitors. There are no post completion requirements peculiar conveyancing in Byker and Walker.
We are buying a house in Byker and Walker. I might seem paranoid but how we can trust a lawyer? At some point we will need to put funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
A colleague advised me that in buying a property in Byker and Walker there could be various restrictions prohibiting external alterations to a property. Is this right?
There are anumerous of properties in Byker and Walker which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Byker and Walker should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm the single beneficiary of my late father’s estate and I have everything in my name now, including the house in Byker and Walker. The Byker and Walker property was put into my name in November. I want to move. I understand that there is a CML six month 'rule', which means that my proprietorship may be regarded the same way as if I'd bought the property in November. Do I have to wait half a year to sell?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. Most lenders would take a sensible view as this obligation principally exists to identify the purchase and immediately sell or the wholesaling and assigning of properties.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Byker and Walker?
Unless a prior acquisition of the house completed post 12 October 2013 you may take it that solicitors carrying out conveyancing in Byker and Walker to continue to advocate a chancel search and or insurance against a claim.
I have been sourcing a conveyancing solicitor in Byker and Walker for my house move. Is it possible to review a firm’s complaints history with the profession’s regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) decisions resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training requirements.