My partner and I swapping mortgage lender for our apartment in Bures with TSB. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two concerns (1) Is this document specific to the TSB conveyancing panel as he did not need to sign this form when we bought 3 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 TSB 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 TSB. This is solely used to protect TSB 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 TSB 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.
Completed the sale of my flat in Bures last June but my buyer keeps SMS messaging every few hours to say their lawyer needs to hear from mine. What should have happened now that I have sold?
Following your house sale your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also evidence that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There is unlikely to be post completion steps just for conveyancing in Bures.
I am planning to acquire a property and require a conveyancing solicitor in Bures who is on the HSBC Bank solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for HSBC Bank in certain locations such as Bures. We dont recommend any particular firm.
We previously selected solicitors located in Bures on the Bank of Ireland solicitor panel. They have just invoiced me a separate fee for the legal aspects of the Bank of Ireland mortgage. Is this an additional conveyancing fee specified by Bank of Ireland?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer may charge a fee for this. The charge is not set by Bank of Ireland but by your Bures conveyancing practitioner. Plenty of firms on the Bank of Ireland panel will charge an ‘acting for lender’ fee but some practices include it on their overall fee.
My partner and I have organised a further advance on our mortgage from TSB as we intend to conduct a loft conversion to our house in Bures. Do we need to appoint a high street Bures solicitor on the TSB conveyancing panel to handle the paperwork?
TSB don't usually instruct firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB list.
I have today made my last payment due on my mortgage with UBS. I assume I don't need a Bures lawyer on the UBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
Me and my brother own a terraced Georgian house in Bures. Conveyancing solicitor acted for me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bures and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing practitioner who conducted the conveyancing.
Hoping to buy a property located in Bures and I am already nervous. I couldn't find anything specific about Bures. Conveyancing will be needed in due course but do you know about the Bures area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bures. In the meantime here are some basic statistics that we found