My wife and I intend to remortgage our apartment in Copmanthorpe with Leeds Building Society. We have a son 18 who lives with us. Our solicitor requested us to identify any adults 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 flat is repossessed. I have a couple of questions (1) Is this document specific to the Leeds Building Society conveyancing panel as he never had to sign this form when we remortgaged 4 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 Leeds Building Society 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 Leeds Building Society. This is solely used to protect Leeds Building Society 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 Leeds Building Society 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.
My Solicitor in Copmanthorpe is not on the TSB Solicitor Panel. Can I still retain my family solicitor even though they are not on the TSB panel?
The limited options available to you here include:
- Complete the purchase with your existing Copmanthorpe lawyers but TSB will need to instruct a lawyer on their panel. This will inevitably rack up the overall legal fees and cause delays.
- Get an alternative practitioner to to deal with the purchase, not forgetting to check they are on the TSB panel
My wife and I are purchasing a apartment in Copmanthorpe. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to deposit funds into their account. What is the protection 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.
We are buying a detached bungalow in Copmanthorpe. Our aim is to carry out a loft conversion at the property.Will legal conveyancing on the property include checks to ascertain if these works are permitted?
Your property lawyer should review the registered title as conveyancing in Copmanthorpe can on occasion identify restrictions in the title documents which prohibit certain alterations or require the permission of a 3rd party. Many extensions call for local authority planning permissions and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these things with a surveyor before you commit yourself to a purchase.
We are getting the release of further monies on our home loan from Coventry BS as we want to conduct alterations to our home in Copmanthorpe. Do we need to choose a nearby Copmanthorpe solicitor on the Coventry BS conveyancing panel to deal with the paperwork?
Coventry BS would not normally instruct a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.
Is it necessary to pay for insurance to address the risk of chancel repairs when purchasing a residence in Copmanthorpe?
Unless a previous purchase of the premises took place after 12 October 2013 you could assume that lawyers delivering conveyancing in Copmanthorpe to continue to recommend a chancel search and or insurance against a claim.
I used Arc property Solicitors a few years ago for my conveyancing in Copmanthorpe. I now require my file but the law firm has closed. What do I do?
You should 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 Copmanthorpe 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.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one near me in Copmanthorpe I like with amenity areas and transport links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Copmanthorpe suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the shortness of the lease will be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.