My wife and I are refinancing our apartment in Millom with Virgin Money. We have a son 19 who lives at home. Our solicitor requested us to identify anyone over the age of 17 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 forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Virgin Money conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) Does our son by signing this compromise his rights 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 Virgin Money. This is solely used to protect Virgin Money 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 Virgin Money 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.
Completed the sale of my flat in Millom last May yet the purchaser is e-mailing me to say her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
Post completion of your sale your conveyancer is committed to send the transfer deeds and all of the paperwork to the purchaser's conveyancer. Where appropriate, your solicitor should also send confirmation that the mortgage has been discharged to the buyers lawyers. There are no post completion requirements unique to conveyancing in Millom.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a residence in Millom? or Apparently there is a law dating back centuries that could mean that owners of property living in a parish church boundary will be compelled to contribute towards maintenance towards the chancel in proximity to the church. Is this relevant for conveyancing in Millom?
Unless a previous purchase of the premises took place after 12 October 2013 you may expect solicitors carrying out conveyancing in Millom to remain recommending a chancel search and or insurance against a claim.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Millom is the location of the property. What do you suggest?
Flying freeholds in Millom are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Millom you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Millom 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.
How do I use your search app to select a conveyancing lawyer in Millom on the panel for my bank?
First select a lender such as Yorkshire Building Society, The Mortgage Works or Alliance & Leicester then specify your preferred area for example Millom. Conveyancing organisations in Millom and beyond should be shown.
Please specify the differing property law services that Millom conveyancing practices typically advise on?
In the main Millom conveyancing practices manage to offer a number of assistance to residential and agricultural land proprietors, sellers, investors, landlords and leaseholders and you can expect them to offer expert advice on some of the following services:
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Standard residential sale conveyancing in Millom and beyond
Home purchase conveyancing in Millom and nationwide
Tenancy and licence agreements Planning and boundary enquiries Sale and purchase of shared ownership properties nationally rather than just Millom Estate Conveyancing