My husband and I intend to remortgage our maisonette in Seascale and Sellafield with Virgin Money. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the Virgin Money conveyancing panel as he did not need to sign this form when we bought 3 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.
My Conveyancer in Seascale and Sellafield has never been on on the Nottingham Building Society Solicitor Panel. Can I still use my prefered solicitor even though they are not on the Nottingham Building Society panel?
The limited options open to you here include:
- Complete the purchase with your existing Seascale and Sellafield lawyers but Nottingham Building Society will need to use a lawyer on their panel. This will result in additional overall legal fees and result in delays.
- Choose an alternative practitioner to to deal with the conveyancing, remembering to check they are on the Nottingham Building Society panel
What can a local search reveal regarding the property my wife and I buying in Seascale and Sellafield?
Seascale and Sellafield conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search is essential in every Seascale and Sellafield conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
It has been four months since my purchase conveyancing in Seascale and Sellafield took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the advice of my in-laws I had a survey completed on a property in Seascale and Sellafield before instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some lenders will refuse to issue a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Seascale and Sellafield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Seascale and Sellafield to see if the conveyancing costs will increase in light of this.
I have been sourcing a conveyancing practitioner in Seascale and Sellafield for my sale. Can I check a solicitor's complaints history with the legal regulator?
One can read published Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training requirements.