My fiance and I are refinancing our apartment in Alnmouth with Nationwide. We have a son 18 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this document specific to the Nationwide conveyancing panel as he did not need to sign this form when we remortgaged 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 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 require expedited conveyancing in Alnmouth as I am faced with an ultimatum to sign on the dotted line inside 2 weeks. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you are at liberty not to do searches although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Alnmouth the following are examples of what can be revealed and adversely impact the marketability of the property: Enforcement Actions, Overdue Fees, Overdue Grants, Road Schemes,...
I am purchasing a new build house in Alnmouth with a loan from TSB. The sellers would not move on the amount so I negotiated £7000 of extras instead. The property agent told me not inform my solicitor about this extras as it may adversely affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my home. My past lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Alnmouth if that makes things easier.
Do use our search tool to help you find a solicitor for your conveyancing in Alnmouth. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
We are a fortnight into a freehold purchase having been directed to solicitors by the high street agent to do our conveyancing in Alnmouth. I am am extremely frustrated with the quality of service. Can you help me find new lawyers?
A conveyancer would have to be really bad in order to consider changing them. Has your mortgage offer been issued? If so you need to inform them of the new lawyer and have the offer are re-sent. The conveyancer needs to be on the banks approved list to avoid supplemental costs and delays. So that should be your starting point. The search tool will help you find a lender approved conveyancer for your home move in Alnmouth
I have been told by various family members to expect 6-8 weeks for Alnmouth conveyancing to complete.This was 3 ago. The property information was only forwarded to my conveyancer last week so now does it countdown?
There is no official countdown for conveyancing in Alnmouth, or any location. You just have to make sure your finances are in place and wait for the rest to come together.