My husband and I intend to remortgage our apartment in Seaford with Nottingham. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose 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, giving up any rights in the event that the apartment is forfeited by the lender. I have two questions (1) Is this document specific to the Nottingham conveyancing panel as he did not need to sign this form when we bought 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 Nottingham. This is solely used to protect Nottingham 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 Nottingham 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 hope to to purchase with Norwich and Peterborough Building Society. I visited 3 or 4 local companies but am unable to find a Seaford conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you help?
Feel free to make the most of the find a conveyancing panel solicitor tool on this web page. Pick the mortgage company and type Seaford or your location and you will be presented with a number of lawyer offices in Seaford or by proximity to you.
Various internet forums that I have frequented warn that are the main cause of hinderance in Seaford conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Seaford.
How does conveyancing in Seaford differ for newly converted properties?
Most buyers of new build or newly converted property in Seaford approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Seaford usually acquire the land, 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 property lawyers 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 accustomed to new build conveyancing in Seaford or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Seaford is the location of the property. Can you offer any opinion?
Flying freeholds in Seaford are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Seaford you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Seaford 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.
Hoping to buy a property located in Seaford and I am already nervous. I couldn't find anything specific about Seaford. Conveyancing will be needed in due course but do you know about the Seaford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Seaford. In the meantime here are some basic statistics that we found