My husband and I intend to remortgage our apartment in Moss Nook with Santander. We have a son approaching twenty who lives with us. Our solicitor requested us to identify 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 questions (1) Is this form unique to the Santander conveyancing panel as he did not need to sign this form when we remortgaged 5 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 Santander. This is solely used to protect Santander 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 Santander 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.
My wife and I have recently appointed a conveyancing solicitor in Moss Nook. I need to find out whether they are on the Birmingham Midshires approved list of lawyers. Could you help?
The first thing you should do is e-mail the solicitor and enquire if they are on the lender panel. Otherwise you can call Birmingham Midshires who may be able to confirm.
My wife and I are purchasing a flat in Moss Nook. It might be a silly question but how we can trust a conveyancer? At some point we have to put our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Moss Nook?
Two types of professional can perform conveyancing in Moss Nook namely licenced conveyancers or solicitors. Both professionals handle the legal services that required to complete the disposal or purchase of property. They are both obliged to execute Moss Nook conveyancing to the same standards and guidelines so you can be sure that your conveyancing will be properly conducted and that the requisite procedures will be correctly attended to.
I'm spending time looking at houses in Moss Nook and I am about to put in an offer. Should I already have a conveyancer in place at this stage? I am planning to take a mortgage with Skipton.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are seeking a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
How does conveyancing in Moss Nook differ for newly converted properties?
Most buyers of new build property in Moss Nook contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Moss Nook typically purchase the real estate, 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 conveyancing solicitors 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 Moss Nook or who has acted in the same development.
I need to instruct a conveyancing solicitor for my conveyancing in Moss Nook. I've chance upon a site which seems to have the ideal answer If there is a chance to get all the legals completed via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My lender have just issued us with a mortgage offer. We appointed a high street conveyancer in Moss Nook two days ago. This morning, our financial adviser contacted us saying that the lender said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the mortgage company had a say Is this allowed?
You are permitted to instruct any conveyancing solicitor you wish to choose for your conveyancing in Moss Nook but if they are not on the your bank's approved list you would have to pay an extra fee so your lender can instruct their own solicitors as well to protect their interest. On occasion it is conceivable that your solicitor may apply to get included on to the mortgage company panel. You can use internet search facilities such as lenderpanel.com to find a conveyancing solcitor in Moss Nook on the mortgage company panel. You can go into your local lender branch in Moss Nook. They can recommend conveyancing solicitors in Moss Nook on the approved list.