My wife and I are refinancing our flat in Langport with Coventry BS. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. 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 two questions (1) Is this document specific to the Coventry BS conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this extinguish 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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.
I am considering applying for a Clydesdale mortgage for purchase of a newly converted (under development) in Langport with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Clydesdale ?
In theory, you could use a solicitor that is not on the Clydesdale conveyancing panel, but Clydesdale would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I have todaybeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Langport for a purchase of a leasehold flat 12 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Langport conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a property in Langport before retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some banks may not give a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Langport. Conveyancing may be slightly more expensive based on your lender's requirements.
What are my options where I am unhappy with the lawyer who carried out our conveyancing in Langport?
We live in an imperfect world, and unfortunately sometimes things do go wrong. However there is recourse if you were dissatisfied with your conveyancing in Langport. This varies from trying to resolve matters directly with them, through to reporting a conveyancer to their governing body. If things still aren’t sorted out you may consider getting in touch with the Legal Ombudsman.