My husband and I are refinancing our apartment in Llanishen with Aldermore. We have a son approaching twenty who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this document specific to the Aldermore conveyancing panel as he never had to sign this form when we bought 3 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 Aldermore 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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.
My wife and I have recently appointed a conveyancing solicitor in Llanishen. I need to find out if they are on the Virgin Money approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should call the conveyancer and ask them whether they can act for the lender. Alternatively you can get in touch with Virgin Money who may be able to help.
What will a local search inform me regarding the house I am purchasing in Llanishen?
Llanishen conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Searchflow The local search plays an important part in many a Llanishen conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
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 simple, chain free conveyancing. Llanishen is where the house is located. Can you shed any light on this issue?
Flying freeholds in Llanishen are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Llanishen you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Llanishen may determine 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.
Given that I will soon part with hundreds of thousands of pounds on a house in Llanishen I wish to talk to a lawyer concerning thetransaction before instructing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer who will be carrying out your property ownership legalities in Llanishen.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter number. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Llanishen should be the figure that you are charged.
Do online conveyancing organisations do everything a local Llanishen solicitor does or must I use a solicitor for the final stages for my conveyancing in Llanishen?
If you instruct an online conveyancer they will undertake all the work your Llanishen solicitor would cover.