Willretaining a Littleover conveyancing firm make my purchase more efficient?
Generally conveyancing lawyers in your location will enjoy excellent alliances with your local authority, which can assist with your Littleover conveyancing searches that your lawyer will need to carry out. It also helps if they have good connections with the Land Registry in your area Littleover, other property lawyers in the neighbourhood and Littleover property agents.
My husband and I intend to remortgage our apartment in Littleover with Santander. 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, waiving any legal rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the Santander 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?
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 Santander. This is solely used to protect Santander 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 Santander 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 is the first thing I need to know regarding purchase conveyancing in Littleover?
You may not hear this from too many lawyers but conveyancing in Littleover and elsewhere in England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there is an abundance of opportunity for conflict between you and others involved in the house moving process. E.g., the vendor, property agent and on occasion your mortgage company. Appointing a solicitor for your conveyancing in Littleover is a critical decision as your conveyancer is your adviser, and is the ONE person in the transaction whose responsibility is to act in your legal interests and to protect you.
We are witnessing a worrying increase of a "blame" culture- someone has to be blamed for the process being so protracted. You your first instinct should be to trust your lawyer ahead of the other parties when it comes to the legal assignment of property.
four months have gone by since my purchase conveyancing in Littleover took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Littleover differ for new build properties?
Most buyers of new build residence in Littleover come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Littleover typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Littleover or who has acted in the same development.
I decided to have a survey completed on a property in Littleover ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some banks may not issue a mortgage on this type of house.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Littleover. Conveyancing will be smoother if you use a solicitor in Littleover especially if they are accustomed to such properties in Littleover.