My partner and I intend to remortgage our maisonette in Inkberrow with Virgin Money. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 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 form unique to the Virgin Money conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Virgin Money 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 Virgin Money. This is solely used to protect Virgin Money 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 Virgin Money 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 see that you have a search directory listing law firms on the Lloyds conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Inkberrow?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Inkberrow.
Due to the guidance of my in-laws I had a survey completed on a property in Inkberrow in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend refuse to issue a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Inkberrow. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Inkberrow and I am already nervous. I couldn't find anything specific about Inkberrow. Conveyancing will be needed in due course but do you know about the Inkberrow area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Inkberrow. In the meantime here are some basic statistics that we found
I have been sourcing a conveyancing lawyer in Inkberrow for my home move. Is it possible to see a solicitor's record with the profession’s regulator?
Anyone can search for documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training requirements.
My wife and I have recently appointed a conveyancing solicitor in Inkberrow. I I would like to check if they are listed on the lender's approved list of lawyers. Could you or the bank confirm if they are on the panel?
You should call your lawyer and ask them if they are on the bank's panel. Alternatively please get in touch with us and we can make some checks for you. If they are not on the lender panel we we can help find a reputable conveyancing solicitor in Inkberrow on the approved list for your mortgage company.