My wife and I swapping mortgage lender for our maisonette in Cambridgeshire with Bank of Ireland. We have a son 18 who lives at home. Our solicitor requested us to identify any adults 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 concerns (1) Is this form unique to the Bank of Ireland conveyancing panel as he did not need to sign this form when we remortgaged 3 years ago (2) Does our son by signing this giving up his entitlement 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to instruct a Cambridgeshire based conveyancing firm?
Do check but the chances are that allocate you one of their panel lawyers if you take up the "fee-free" incentive. Speak to the lender to check if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Cambridgeshire.
My friend suggested that if I am purchasing in Cambridgeshire I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Cambridgeshire conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Cambridgeshire around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Cambridgeshire Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Cambridgeshire.
The deeds to our home can not be found. The lawyers who conducted the conveyancing in Cambridgeshire 4 years ago no longer exist. What are my options?
Assuming you have a registered title the details of your proprietorship will be retained by the Land Registry with a Title Number. It is easy to execute a search at the Land Registry, find your house and obtain up to date copies of the property title for less than a fiver. If the title is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
Are there any apps to help search for a Cambridgeshire law firm on the Bank of Scotland conveyancing panel? I am a keen cyclist and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this website. Please choose the mortgage company and your location and you will see a number of Cambridgeshire conveyancing lawyers locally. We have listed some Cambridgeshire conveyancing firms towards the end of this page and you can ring them to see if they are on the Bank of Scotland member panel
Is it true that a Cambridgeshire conveyancing firm taken to court by clients for failing to conduct the right conveyancing searches?
We are not aware of such a Cambridgeshire conveyancing claim but according to a recent report, a couple purchasing a property in Cumbria successfully sued their solicitor due to development plans to build a wind farm not being picked up in conveyancing searches.
If you are contemplating buying a home in Cambridgeshire It is essential that your lawyer purchase all Cambridgeshire conveyancing searches needed making sure that you have accurate and current information before purchasing a property.