My wife and I swapping mortgage lender for our apartment in Seaford with HSBC. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two questions (1) Is this document specific to the HSBC conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this compromise 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 HSBC. This is solely used to protect HSBC 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 HSBC 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.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Seaford. Do I collect the keys to the premises on the completion date from my solicitor? If so, I will find a local conveyancing solicitor in Seaford?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you should be invited to receive the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Seaford bank branch on numerous occasions and was informed it wasn't a problem and they will lend. My Seaford conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend based on their published requirements. Who do I believe?
Provided that the conveyancing practitioner is on the mortgage company panel, she or he must follow the CML Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
At last I have had an offer on a maisonette in Seaford accepted, the vendors do however have a connected purchase. The owners have placed an offer on a flat, but it’s not yet agreed to, and have viewings of other properties in the pipeline. I have instructed a nearby conveyancing solicitor in Seaford. What do I do now? At what point should I apply for the mortgage with Aldermore?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Seaford conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Aldermore approved list. As to the subsequent phase this very much dictated by the specifics of your case, motivation for this property and on the state of the market. During a rising market the majority of buyers will apply for the mortgage with Aldermore and arrange for the valuation and only if it comes back ok would they request their lawyer to proceed with searches.
I require fast conveyancing in Seaford as I am faced with an ultimatum to complete within 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to do searches although no conveyancer would recommend that you don't. Drawing on years of experience of conveyancing in Seaford the following are examples of issues that can show up and adversely affect market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
The deeds to my house can not be found. The lawyers who did the conveyancing in Seaford 4 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to hold title deeds to establish that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
Are there any apps to help locate a Seaford solicitor on the Halifax conveyancing panel? I have a car and am prepared to travel upto 25kilometers to meet the lawyer.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Seaford conveyancing lawyers based on proximity. We have listed some Seaford conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Halifax panel
In searching the web for the phrase cheap conveyancing in Seaford it brings up many solicitorsin the area. How do I determine which is the right conveyancing solicitor for the sale of my house?
The ideal method of seeking the right conveyancer is via trusted recommendation, so ask colleagues and relatives who have bought a property in Seaford or the reputable estate agent or financial adviser. Costs for conveyancing in Seaford differ, so it's advisable to secure a minimum of four costs illustrations from varying types of law firms. Make sure that you know what costs in the quote includes.