Me and my partner are acquiring an apartment in Hartlebury. My lawyer is not on the bank approved panel. Am I still permitted to retain my Hartlebury conveyancing solicitor even though they are excluded from the mortgage company list of approved lawyers?
One must have a solicitor to deal with the formalities when you require a mortgage to buy your home. The solicitor will conduct all the appropriate investigations on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in place. One can appoint a Hartlebury conveyancing practitioner of your choosing. However, if the property lawyer selected is not a member of the mortgage company approved list supplemental charges will be levied as separate legal representation will be need by the bank. Bank panel applications can be submitted, so provided your solicitor has not in the past sought membership they can do so.
My wife and I swapping mortgage lender for our apartment in Hartlebury with UBS. We have a son 18 who lives with us. Our solicitor has asked us to disclose 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 property is repossessed. I have a couple of concerns (1) Is this form unique to the UBS conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your UBS 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 UBS. This is solely used to protect UBS 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 UBS 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.
When does exchange of contracts happen for domestic conveyancing in Hartlebury and am I required to attend the solicitors office?
Where you are near to our conveyancing solicitors in Hartlebury you are invited in to sign the paperwork. However, the law practices we work with provide a countrywide conveyancing service and give as equally diligent and professional a job for you when dealing with you by post or email. The executing of the contract is not the critical part. A signed contract simply enables the conveyancer to exchange contracts at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hartlebury)to be in the office available at the end of the phone to exchange contracts.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Hartlebury I like with a park and railway links nearby, however it only has 61 years unexpired on the lease. There is not much else in Hartlebury in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My father-in-law has recommend that I instruct his conveyancing solicitors in Hartlebury. Should I find my own property lawyer?
Much as we are happy to recommend a Hartlebury conveyancing lawyer the best way to select a conveyancing solicitor is to seek recommendations from friends or family who have actually experience in using the firm you're are thinking of instructing.
There are numerous houses in Hartlebury on private lanes. My wife and I are buying one such property. Are there any benefits to buying a property on a privately owned road?
Hartlebury conveyancing lawyers will be familiar with transacting houseson unadopted roads. Your lawyer will investigate Land Registry data to find any rights or responsibilities. In many cases there is a residents association that proprietors make annual payments to maintain the road. If one exists, the road should be maintained and look better than council maintained.