My wife and I changing mortgage lender for our flat in Ditchling with Skipton. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this form unique to the Skipton conveyancing panel as he did not need to sign this form when we remortgaged 3 years ago (2) In signing this form is our son in any way compromising his right 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 Skipton. This is solely used to protect Skipton 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 Skipton 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 moved into my house on 14 November and my personal details is not yet registered. Need I be worried? My conveyancing solicitor in Ditchling expressed confidence that it would be registered in less than a month. Are titles in Ditchling particularly slow to register?
As far as conveyancing in Ditchling is concerned, registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timeframes can vary depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any third parties. As of today roughly three quarters of submission are fully addressed within two weeks but some can be subject to longer delays. Historically registration occurs once the purchaser has moved in to the premises thus post completion formalities is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.
I'm buying my first flat in Ditchling benefiting from help to buy. The sellers refused to reduce the amount so I negotiated 6k of additionals instead. The estate agent advised me not inform my lawyer about this deal as it would affect my mortgage with Skipton Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Ditchling is the location of the property. Is there any advice you can impart?
Flying freeholds in Ditchling are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ditchling you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ditchling may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Ditchling. I've stumble upon a web site which appears to be the perfect solution If there is a chance to get all the legals completed via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What type of property do your Ditchling conveyancing estimates relate to?
The quotes provided are only appropriate to standard domestic premises in England & Wales. Where you have any different needs for example industrial or agricultural property or commercial conveyancing in Ditchling please contact us to consider this further .