My husband and I changing mortgage lender for our flat in Droitwich with HSBC. We have a son approaching twenty who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have two concerns (1) Is this form unique to the HSBC conveyancing panel as he did not need to sign this form when we purchased 4 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 HSBC. This is solely used to protect HSBC 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 HSBC 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.
What is the first thing I need to know concerning purchase conveyancing in Droitwich?
You may not hear this from too many lawyers but conveyancing in Droitwich and elsewhere in Worcestershire is often a confrontational process. Put another way, when it comes to conveyancing there exists plenty of opportunity for conflict between you and other parties involved in the house moving process. E.g., the seller, estate agent and even potentially a mortgage company. Selecting a lawyer for your conveyancing in Droitwich should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose interest is to protect your legal interests and to keep you safe.
There is a worrying ongoing adversarial element to conveyancing- someone has to be blamed for the process taking so long. You must always trust your conveyancer ahead of all other parties in the home moving process.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather instruct a high street conveyancing solicitor in Droitwich?
Do check but the the probability is that give you one of their panel conveyancers if you accept the "fee-free" incentive. Call the mortgage company and see if they make available a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Droitwich.
I have recentlybecome aware that Wolstenholmes have closed. They carried out my conveyancing in Droitwich for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Droitwich conveyancing specialists.
What do I do if I am unhappy with the conveyancer who conducted our conveyancing in Droitwich?
We live in an imperfect world, and is is a fact of life that occasionally matters do not go as planned. Nevertheless there is recourse where you were not happy with your conveyancing in Droitwich. This varies from trying to resolve matters directly with them, through to reporting a lawyer to their governing body. If you remain dissatisfied you may consider getting in touch with the Legal Ombudsman.