My husband and I intend to remortgage our penthouse in Weldon with RBS. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose 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 property is forfeited by the lender. I have two questions (1) Is this document specific to the RBS conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your RBS 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 RBS. This is solely used to protect RBS 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 RBS 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 your site be used to locate a Conveyancing solicitor in Weldon even if I’m not buying or disposing of a house, for instance if I wish to buy a shop in Weldon with a mortgage from Barnsley Building Society?
Our comparison service is predominantly there to help choose domestic conveyancing solicitors in Weldon but we have set out at the end of this page some Weldon commercial conveyancing firms. You should make contact with the firm directly to see if they are also authorised to represent Barnsley Building Society
We're in Weldon, First time buyers buying with a mortgage (lender is Nottingham , and our lawyer is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I are close to exchanging contracts on the sale of our house in Weldon and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a nationwide conveyancing practice rather than a conveyancing solicitor in Weldon. We have lived in Weldon for 5 years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Due to the input of my in-laws I had a survey completed on a property in Weldon ahead of retaining conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies will not give a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Weldon. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the term on line conveyancing in Weldon it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for purchase transaction?
The ideal method of seeking a suitable conveyancer is via personal testimonial, so enquire of colleagues and relatives who have bought a property in Weldon or a local estate agent or financial adviser. Costs for conveyancing in Weldon differ, so it's a good idea to obtain at least three costs illustrations from varying types of companies. Dont forget to clarify that the costs are guaranteed not to increase.