My partner and I swapping mortgage lender for our flat in Mickleover with TSB. We have a son 18 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, waiving any legal rights in the event that the apartment is repossessed. I have two concerns (1) Is this form unique to the TSB conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) Does our son by signing this extinguish 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 TSB. This is solely used to protect TSB 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 TSB 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.
We are looking to buy a house and need a conveyancing solicitor in Mickleover who is on the Aldermore conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Mickleover.
Just acquired a terraced house in Mickleover , What is the estimated time for the Land Registry to register the transfer to my name? My Mickleover conveyancing solicitor works at snail pace, so I want to be sure that my ownership is registered.
As far as conveyancing in Mickleover registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary depending on the party submitting the application, whether it is in order and if the Land registry have to notify any third persons or bodies. Currently roughly three quarters of such applications are fully addressed within two weeks but some can be subject to longer hold-ups. Historically registration is effected after the new owner is living at the property so an expedited registration is not usually top priority but where it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
Due to the input of my in-laws I had a survey completed on a property in Mickleover ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend refuse to issue a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Mickleover. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my existing house to a buy to let mortgage with Coventry Building Society and I will use the rest of the raised equity as a deposit on a second house. The area we are talking about is Mickleover. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Make use of our comparison tool on this site to ensure that the conveyancers are on the appropriate lender panels. Assuming that they are the solicitor should be able to tie up the two deals but you should have a chat with you lawyer and make apparent your expectations and requirements.
I have chosen a Mickleover conveyancing solicitor for our house purchase (FTB’s) and have picked up in the terms and conditions that they are not governed by the FCA. Need I be concerned or is that standard with conveyancer?
We can't see why they should be. Most solicitor don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who have stringent laws in place on monies sitting in their bank.