My wife and I changing mortgage lender for our penthouse in Dorridge with Bank of Ireland. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose 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 flat is repossessed. I have a couple of questions (1) Is this document specific to the Bank of Ireland conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Bank of Ireland 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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.
Do lenders provide you with an approved list of Dorridge conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Dorridge conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
My colleague suggested that where I am purchasing in Dorridge I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Dorridge conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Dorridge around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Dorridge Education with maps and statistics, Local Amenities and other useful information about Dorridge.
My husband and I are FTB’s - had an offer accepted, but the property agent informed us that the seller will only move forward if we appoint their recommended solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer used to conveyancing in Dorridge
We suspect that the owner is not behind this demand. Should the seller desire ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Contact the sellers directly and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you intend to instruct your own,trusted Dorridge conveyancing lawyers - as opposed tothe ones that will give their estate agent a commission or achieve conveyancing figures demanded by head office.
I'm going to purchase an apartment very soon in Dorridge. I will need a Dorridge conveyancing solicitor. The family lawyer is based in N.Ireland and unable to assist.Is it possible for you to suggest a good Dorridge conveyancer that can act for us as well as represent RBS?
LenderPanel.com is restricted to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for RBS in certain locations such as Dorridge . Our intention is not to recommend any particular conveyancer.