My husband and I intend to remortgage our apartment in Holland Park with Yorkshire BS. We have a son approaching twenty who lives with us. Our solicitor requested us to identify 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, waiving any legal rights in the event that the property is repossessed. I have two questions (1) Is this form unique to the Yorkshire BS conveyancing panel as he never had to sign this form when we purchased 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 Yorkshire BS 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 Yorkshire BS. This is solely used to protect Yorkshire BS 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 Yorkshire BS 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.
Why do I have to pay up front when it comes to conveyancing in Holland Park?
Where you are retaining lawyers for conveyancing in Holland Park your solicitor will request that you place them with monies to cover the search fees. Ordinarily this is called for to cover the fees of the Local Authority Search. When the down payment is as part of the total price then this will be needed immediately ahead of exchange of contracts. The final balance that is due should be sent to your lawyer shortly before completion.
I am thinking of mortgaging my home in Holland Park, does my lawyer need to be on the UBS Conveyancing panel?
There is nothing to stop you using your solicitor, but UBS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I need some fast conveyancing in Holland Park as I am under a deadline to exchange contracts within 4 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
If.Given you are not taking a home loan you have the choice not to do searches although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Holland Park the following are examples of issues that can appear and adversely affect the marketability of the property: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
Are there any apps to help search for a Holland Park law firm on the Aldermore conveyancing panel? I have wheels and am happy to travel upto 20kilometers to meet the solicitor.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Holland Park conveyancing lawyers locally. We have listed some Holland Park conveyancing firms at the bottom of this page and you can telephone them to verify whether they are on the Aldermore approved list
In my capacity as executor for the will of my aunt I am disposing of a house in Monmouth but reside in Holland Park. My lawyer (approximately 250 miles from merequires that I sign a stat dec prior to completion. Could you suggest a conveyancing practitioner in Holland Park who can attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are located in Holland Park