My wife and I changing mortgage lender for our flat in Prescot and Knowlsey with Nationwide. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this form unique to the Nationwide conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Nationwide 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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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.
I just acquired a property at auction in Prescot and Knowlsey. Conveyancing is required. What happens now?
Given that you have now exchanged you now have to instruct a conveyancing solicitor as a matter of priority as you are faced with a fast approaching a fixed date to complete the purchase. Every auction property should have a bespoke auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to leasehold premises. You must pass this on to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds in place to complete the transaction on the set completion date.
We are aiming to move house in January. Should my conveyancing solicitor call the removal company on the day of completion. On a separate note, can you suggest a removal company in Prescot and Knowlsey. Conveyancing solicitor was chosen prior to coming across this site.
On the day of completion you will need to collect the house keys from your selling agent but this can only happen after the sellers solicitors confirm to the agent that the monies to complete are in and the keys can be released. You can advise the removal company that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can help you choose a conveyancing in Prescot and Knowlsey or a legal practice with expertise in conveyancing in Prescot and Knowlsey.
is it true that all Prescot and Knowlsey solicitor firms on the Nationwide conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be governed by the SRA. Some mortgage companies do list licenced conveyancers on their panel and in such a situation the firms would be governed by the Council of Licensed Conveyancers.
Do I need to pay for insurance to address the risk of chancel repairs when buying a house in Prescot and Knowlsey?
Unless a prior purchase of the premises completed post 12 October 2013 you can take it that solicitors delivering conveyancing in Prescot and Knowlsey to continue to advocate a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly picked up during conveyancing in Prescot and Knowlsey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Prescot and Knowlsey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it best to appoint a Prescot and Knowlsey conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can perform the legal formalities however her office is 200kilometers away.
The benefit of a high street Prescot and Knowlsey conveyancing practice is that you can visit the firm to sign paperwork, present your identification documents and apply pressure on them if necessary. Having local Prescot and Knowlsey know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were happy that must surpass using an unknown Prescot and Knowlsey conveyancing solicitor solely due to them being based in the area.