My fiance and I intend to remortgage our flat in Deddington with Aldermore. 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. The solicitor has now sent a form 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 Aldermore conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your Aldermore conveyancing panel solicitor is doing the right thing 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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.
Can I use your services to locate a Conveyancing solicitor in Deddington even where I’m not purchasing or selling a house, for instance if I intend to buy a shop in Deddington with a loan from Halifax?
Our comparison service is mainly utilised to find domestic conveyancing solicitors in Deddington but we have set out towards the bottom of this page a selection of Deddington commercial conveyancing firms. You should make contact with the company directly to see if they can also act for Halifax
My home in Deddington is up for sale and I have a purchaser. Will the lawyer need to be on the Virgin Money conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
I moved into my flat on 2 June and my personal details is yet to be registered. Should I be concerned? My conveyancing solicitor in Deddington expressed confidence that it will be recorded in less than a month. Are properties in Deddington particularly slow to register?
There is nothing unique when it comes to conveyancing in Deddington registration formalities. As opposed to being determined by geographic area, timeframes can vary according to who lodges the application, whether there are errors and whether the Land registry communicate with any interested parties. At present roughly 80% of such applications are completed within 12 days but occasionally there can be longer delays. Registration occurs after the new owner has moved in to the property thus an expedited registration is not typically top priority but if there is a degree of urgency associated with the registration then you or your conveyancer must speak with the land registry and explain the circumstances.
Hoping to buy a property located in Deddington and I am already nervous. I couldn't find anything specific about Deddington. Conveyancing will be needed in due course but do you know about the Deddington area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Deddington. In the meantime here are some basic statistics that we found