Willinstructing a Greystones conveyancing practitioner make the home moving process easier?
In the main conveyancing lawyers in your location will have excellent relationships with your local authority, which can assist with your Greystones conveyancing searches that your lawyer will inevitably need. It also helps if they have existing relationships with the Land Registry overseeing your area Greystones, other property lawyers in the neighbourhood and Greystones Estate Agents.
My fiance and I changing mortgage lender for our penthouse in Greystones with HSBC. We have a son 18 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 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 flat is forfeited by the lender. I have a couple of questions (1) Is this form unique to the HSBC 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 HSBC. This is solely used to protect HSBC 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 HSBC 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.
What does my ID and proof of funds have anything to do with my conveyancing in Greystones? Is this really necessary?
In order to comply with Money Laundering Regulations any Greystones conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, property lawyers are duty bound to validate not just the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this will result in your solicitor ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My lawyer in Greystones is not listed on the Lloyds TSB Bank Conveyancing Panel. Is it possible for me to use my prefered solicitor even though they are not on the Lloyds TSB Bank panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Greystones lawyers but Lloyds TSB Bank will need to use a lawyer on their panel. This will inevitably rack up the total legal fees and cause delays.
- Choose an alternative solicitor to to deal with the conveyancing, remembering to check they are Convince your lawyer to do everything within their powers to join the Lloyds TSB Bank conveyancing panel
A colleague advised me that in purchasing a property in Greystones there could be various restrictions as to what one can do in terms of external changes to a property. Is this right?
There are a number of properties in Greystones which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Greystones should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Greystones. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that your lender is HSBC your lawyer must comply with the formal requirements set out in Section two of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancers are required to report to HSBC where a lease does not comply with these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Greystones.
I am selling my apartment. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, RBS are being difficult. The Greystones solicitor who is on the RBS conveyancing panel is saying indemnity insurance will be fine but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Greystones. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Greystones
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Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?