My fiance and I are refinancing our flat in Knaphill with UBS. We have a son 18 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. 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 a couple of concerns (1) Is this form unique to the UBS conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this compromise his entitlement 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 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.
At what point can the exchange of contracts take place for purchase conveyancing in Knaphill and am I required to be at the conveyancers office?
If you are local to one of the conveyancing solicitors in Knaphill you are invited in to sign the paperwork. However, the firms we recommend supply a nationwide conveyancing service and give just as detailed and professional a job for you when dealing with you by post or email. The signing of the sale agreement is not the point of no return. Signing on the dotted line is necessary for the conveyancer to address the formalities at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Knaphill)to be in the office available at the end of the phone to exchange contracts.
I have an AIP. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to instruct a high street conveyancing solicitor in Knaphill?
You should check but the the likelihood is that appoint one of their panel solicitors should you want the "fee-free" incentive. Contact the bank to check if they allow a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Knaphill.
Me and my brother purchased a 4 bedroom Edwardian property in Knaphill. Conveyancing practitioner acted for me and Skipton Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Knaphill and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing practitioner who conducted the purchase.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Knaphill is where the house is located. Can you shed any light on this issue?
Flying freeholds in Knaphill are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Knaphill you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Knaphill 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 property.
Is it possible to switch firm as I need to appoint a firm on the Aldermore conveyancing panel. I had appointed a local conveyancing solicitor in Knaphill round the corner but he is not accepted by Aldermore
We will our best to assist in finding you a conveyancing solicitor in Knaphill on the Aldermore panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Knaphill. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Knaphill.