My fiance and I are refinancing our penthouse in Bradley Stoke with Co-operative. 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, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this form unique to the Co-operative conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Co-operative 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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 recommend a Conveyancing solicitor in Bradley Stoke even if I’m not buying or disposing of a house, for example if I want to buy an office in Bradley Stoke with a loan from Alliance & Leicester ?
Our comparison service is primarily there to help choose residential conveyancing solicitors in Bradley Stoke but we have recorded towards the bottom of this page a selection of Bradley Stoke commercial conveyancing firms. You should speak with the company directly to check if they can also act for Alliance & Leicester
Various web forums that I have come across warn that are the main cause of obstruction in Bradley Stoke conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Bradley Stoke.
The deeds to our property are lost. The solicitors who dealt with the conveyancing in Bradley Stoke 10 years ago no longer exist. What are my next steps?
Gone are the days when you need to have the physical original deeds to prove you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
How do I identify a Bradley Stoke law firm on the Birmingham Midshires conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the facility on this page. Please choose the mortgage company and your location and you will see a number of Bradley Stoke conveyancing lawyers located nearest you. We have detailed some Bradley Stoke conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Birmingham Midshires approved list
I am just shy of a 10% deposit on my house purchase in Bradley Stoke , but I am anxious go ahead. Do I have options?
One option is to try and agree a lower deposit. Many sellers will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute