My husband and I are refinancing our maisonette in Stanwell with TSB. We have a son 19 who lives at home. Our solicitor requested us to identify 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 flat is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the TSB conveyancing panel as he never had to sign this form when we purchased 5 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 TSB 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 TSB. This is solely used to protect TSB 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 TSB 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 find a Conveyancing solicitor in Stanwell even where I’m not buying or selling a house, for example if I want to buy an office in Stanwell with a loan from Birmingham Midshires?
Our search tool is primarily there to get a quote from residential conveyancing solicitors in Stanwell but we have listed towards the end of this page a few Stanwell commercial conveyancing firms. You should speak with the solicitors directly to check if they are also authorised to represent Birmingham Midshires
When looking at mumsnet.com for an online lawyer in Stanwell, most comment that I must instruct a CQS accredited solicitor. Can you explain what CQS is?
Stanwell Conveyancing Quality Scheme solicitors have been granted certification under the Law Society's Scheme (CQS) The Law Society introduced CQS to promote high standards in the in the legal transfer of properties. CQS helps home movers to recognise solicitor firms that provide a quality residential conveyancing. Stanwell is one of locations in England and Wales in which CQS are based. The scheme requires practices to undergo a strict assessment, compulsory training, self-reporting, spot checks and annual reviews in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Council of Mortgage Lenders.
I am buying a new build house in Stanwell benefiting from help to buy. The sellers would not move on the price so I negotiated 6k of additionals instead. The property agent suggested that I not reveal to my conveyancer about this deal as it would affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How can the Landlord & Tenant Act 1954 affect my business offices in Stanwell and how can you help?
The 1954 Act provides a safeguard to business lessees, granting the right to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Stanwell
Am I best advised to choose a Stanwell conveyancing lawyer in close proximity to the house I am purchasing? An old friend can handle the conveyancing but her office is approximately 350kilometers drive away.
The benefit of a high street Stanwell conveyancing firm is that you can drop in to execute documents, deliver your identification documents and pester them where appropriate. Having local Stanwell know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and on the whole were impressed that should surpass using an unfamiliar Stanwell conveyancing lawyer solely due to them being round the corner.