My fiance and I intend to remortgage our apartment in Quorn with Virgin Money. We have a son 19 who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this document specific to the Virgin Money conveyancing panel as he never had to sign this form when we bought 5 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 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.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Quorn?
Two types of professional can do conveyancing in Quorn namely licenced conveyancers or solicitors. The two can administer the legal services that you need to complete the sale or purchase of property. Both are required to execute Quorn conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be properly conducted and that all necessary procedures should be suitably followed.
I am assisting my sister sell her flat in Quorn. Does the solicitor order the energy performance certificate or it is for me to coordinate?
After the abolition of Home Information Packs, energy assessments was maintained a required element of selling a property. An energy assessment must be to hand in advance of the property being advertised. This is not something that law firms normally organise. If you are instructing a Quorn conveyancing practitioner they might help arrange EPC’s due to their contacts with reputable local assessors
I have paid off my mortgage with Coventry BS. I assume I don't need a Quorn lawyer on the Coventry BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Have completed on a a terraced house in Quorn , What is the estimated time for the Land Registry to record my proprietorship? My Quorn conveyancing solicitor has been painfully slow, so I want to check the post completion formalities are concluded.
There is nothing unique when it comes to conveyancing in Quorn registration formalities. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether there are errors and whether the Land registry communicate with any other parties. At present approximately three quarters of submission are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Registration occurs once the buyer is living at the premises thus 'speed' is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your conveyancer could speak with the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Quorn is where the house is located. Can you shed any light on this issue?
Flying freeholds in Quorn are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Quorn you must be sure that your lawyer goes 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 Quorn may ascertain 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 transfer to a new solicitor as I have to appoint a firm on the National Westminster Bank conveyancing panel. I instructed a family conveyancing solicitor in Quorn five minutes from me but he is not approved by National Westminster Bank
It would be our pleasure to assist you select a conveyancing solicitor in Quorn on the National Westminster Bank panel. Please note that the conveyancers that we on the directory do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Quorn. Using search facility on this website, you can scrutinise costs for conveyancing solicitors in Quorn and beyond.
My step-father has encouraged me to use his conveyancing solicitors in Quorn. Do I follow his recommendation?
No doubt the best way to choose a conveyancing practitioner is to seek referrals from friends or family who have actually experience in using the solicitor that you are considering.