My wife and I changing mortgage lender for our penthouse in Crook Log with Nationwide. We have a son approaching twenty who lives with us. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this document specific to the Nationwide conveyancing panel as he never had to sign this form when we bought 4 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 Nationwide 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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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.
Having sold my house in Crook Log last January but my buyer keeps Skype messaging daily to moan that his conveyancer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your house sale your conveyancer is obliged to send the transfer deeds and all supplemental paperwork to the purchaser's solicitors. Where appropriate, your conveyancer must also evidence that the mortgage has been paid off to the purchasers conveyancers. There are no post completion requirements peculiar conveyancing in Crook Log.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Crook Log so that I can attend their offices if necessary.
These days approved lawyers for banks carry out the vast majority of communications via the post, e-mail or over phone calls. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. Nevertheless you should check if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
I decided to have a survey completed on a property in Crook Log ahead of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some banks may refuse to grant a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check 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 Crook Log. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crook Log to see if the conveyancing will be more expensive.
In sourcing the internet for the term conveyancing in Crook Log it reveals many property lawyersin the area. With so much choice what is the best way to find the right solicitor for my move?
The preferential way of seeking the right conveyancer is via personal testimonial, so seek the guidance of colleagues and family who have bought a property in Crook Log or a local estate agent or mortgage broker. Fees for conveyancing in Crook Log differ, so it's advisable to obtain at least three fee calculations from varying types of property lawyers. Make sure that you know what costs in the quote includes.