My partner and I swapping mortgage lender for our apartment in Killay with HSBC. We have a son 18 who lives at home. Our solicitor has asked us to disclose any adults 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 apartment is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the HSBC conveyancing panel as he never had to sign this form when we bought 5 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 HSBC 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 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.
Can your site be used to find a Conveyancing solicitor in Killay even if I’m not purchasing or disposing of a house, for instance if I want to buy a shop in Killay with a mortgage from Accord Mortgages Ltd?
Our search tool is mainly used to find domestic conveyancing solicitors in Killay but we have set out towards the end of this page a selection of Killay commercial conveyancing firms. You will need to make contact with the company directly to see if they are also authorised to represent Accord Mortgages Ltd
Is it the case that all Killay solicitors on the Bank of Ireland conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Bank of Ireland approved list of solicitors they would need to be governed by the SRA. Some banks do allow licenced conveyancers on their panel and in that case the practice would be overseen by the Council of Licensed Conveyancers.
Completion of my remortgage has taken place for my property in Killay. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
My offer on a property in Killay has been accepted, but there is a chain. The vendors have offered on a property, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Killay. What should be my next step? When should I get the mortgage application with Nationwide started?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Killay conveyancing search fees, etc). The first thing to do is ensure that your conveyancing practitioner is on the Nationwide approved list. Regarding the subsequent phase this very much dictated by the circumstances of your transaction, motivation for this property and on the state of the market. During a hot market the majority of buyers would apply for a home loan with Nationwide and arrange for the valuation and only if it was satisfactory would they request their property lawyer to press on with the conveyancing in Killay.
I require expedited conveyancing in Killay as I am faced with an ultimatum to exchange contracts inside one month. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you have the choice not to do searches although no solicitor would suggest that you don't. With plenty of history conveyancing in Killay the following are instances of what can be revealed and therefore impact the marketability of the property: Enforcement Notices, Outstanding Charges, Overdue Grants, Unadopted Roads,...
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Killay is where the house is located. Can you offer any advice?
Flying freeholds in Killay are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Killay you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Killay may ascertain 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 residence.
There are only Sixty One years remaining on my lease in Killay. I need to extend my lease but my landlord is missing. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to prove that you or your lawyers have done all that could be expected to locate the landlord. For most situations an enquiry agent may be useful to try and locate and to produce an expert document to be used as proof that the landlord is indeed missing. It is advisable to get professional help from a property lawyer both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Killay.
I bought a garden flat in Killay, conveyancing formalities finalised May 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Killay with a long lease are worth £191,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2077
With just 53 years unexpired we estimate the premium for your lease extension to range between £27,600 and £31,800 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.