My wife and I are refinancing our flat in Thornton Heath with Aldermore. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this document specific to the Aldermore conveyancing panel as he did not need to sign this form when we bought 3 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 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.
How up to date is your search tool for Thornton Heath conveyancing solicitors on the Skipton conveyancing panel? Do Skipton send you an updated list?
Thornton Heath conveyancing firms themselves provide us confirmation that they are on the Skipton conveyancing panel as opposed to being supplied with a list from Skipton directly.
Do I need to pay for insurance to cover chancel repairs when acquiring a residence in Thornton Heath?
Unless a prior acquisition of the property completed after 12 October 2013 you could assume that solicitors carrying out conveyancing in Thornton Heath to remain encouraging a chancel search and or chancel repair liability insurance.
I own a semi-detached Georgian property in Thornton Heath. Conveyancing solicitor represented me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching address. Is it worth asking Bank of Ireland to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Thornton Heath and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing solicitor who conducted the conveyancing.
What tools are available to identify a Thornton Heath solicitor on the Barclays Direct conveyancing panel? I have wheels and am prepared to travel upto 25kilometers to meet the solicitor.
You can use the facility on this website. Please choose the lender and your location and you will see a number of Thornton Heath conveyancing lawyers located nearest you. We have detailed some Thornton Heath conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Barclays Direct approved list
I am using a search engine for the term cheap conveyancing in Thornton Heath it brings up numerous conveyancerslocally. How do I determine which is the right property lawyer for purchase transaction?
The ideal way of choosing the right conveyancer is via trusted recommendation, so seek the guidance of friends and those you trust who have purchased a property in Thornton Heath or the respected estate agent or mortgage broker. Fees for conveyancing in Thornton Heath differ, so it's sensible to obtain a minimum of four fee calculations from different conveyancers. Make sure that you clarify that the costs are guaranteed not to rise.