My wife and I intend to remortgage our maisonette in Crawcrook with Aldermore. 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. Our lawyer has now e-mailed a document 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 document specific to the Aldermore conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up 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.
In what way does my ID and proof of funds have anything to do with my conveyancing in Crawcrook? Is this really warranted?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Crawcrook. Nowadays you will not be able to proceed with any conveyancing deal without first submitting evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as evidence of identification it needs to be both the paper part and photo card part, one is not satisfactory in the absence of the other.
Evidence of the origin of money is required under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancer must retain this information on file. Your Crawcrook conveyancing solicitor will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further questions concerning the origin of funds.
My husband and I wish to acquire a newly converted apartment in Crawcrook with a loan from Norwich and Peterborough Building Society.We use our Crawcrook conveyancing practitioner but Norwich and Peterborough Building Society informed us his firm is not listed on their approved list of firms. we are left little option but to use a Norwich and Peterborough Building Society panel lawyer or retain our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Norwich and Peterborough Building Society use our lawyer?
Unfortunately,no. The mortgage issued to you is subject to its various provisions, a common one being that conveyancers must be on the Norwich and Peterborough Building Society approved list. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
I need some expedited conveyancing in Crawcrook as I am under an ultimatum to exchange contracts inside 3 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to do searches although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in Crawcrook the following are examples of what can crop up and adversely affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
How does conveyancing in Crawcrook differ for newly converted properties?
Most buyers of new build or newly converted property in Crawcrook come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Crawcrook usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Crawcrook or who has acted in the same development.
In my capacity as executor for the will of my father I am selling a property in Swansea but I am based in Crawcrook. My conveyancer (based 235 kilometers from merequires that I execute a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Crawcrook who can attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Crawcrook