My husband and I are refinancing our penthouse in Brighouse and Rastrick with Barclays. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. 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 a couple of questions (1) Is this form unique to the Barclays conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Barclays 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 Barclays. This is solely used to protect Barclays 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 Barclays 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.
In what way does my ID and proof of funds have anything to do with my conveyancing in Brighouse and Rastrick? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Brighouse and Rastrick. Nowadays you will not be able to complete any conveyancing process without first submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Please note that if you are providing your driving licence as proof of ID it must be both the paper part as well as the photo card part, one is not acceptable in the absence of the other.
Proof of your source of money is necessary under Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on file. Your Brighouse and Rastrick conveyancing solicitor will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further questions concerning the source of monies.
We just had an offer accepted to buy with Loughborough BS. We have called around locally but am struggling to find a Brighouse and Rastrick conveyancing firm on the Loughborough BS panel. Could you assist?
Feel free to take advantage of the search tool on this web page. Please choose the lender and type Brighouse and Rastrick or your location and you will discover numerous conveyancers offices in Brighouse and Rastrick or nearest you.
How do I search for a Brighouse and Rastrick solicitor on the Lloyds TSB Bank conveyancing panel? I drive a motor bike and am happy to travel upto 20miles to meet the conveyancer.
You can use the tool on this website. Please choose the bank and your location and you will see a number of Brighouse and Rastrick conveyancing lawyers located nearest you. We have listed some Brighouse and Rastrick conveyancing firms at the bottom of this page and you can telephone them to check if they are on the Lloyds TSB Bank approved list
I see that you have a post code search directory listing solicitors on the bank conveyancing panel. Do Brighouse and Rastrick conveyancing companies pay you a commission if I appoint them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Brighouse and Rastrick.