My fiance and I intend to remortgage our apartment in Rendlesham with Coventry BS. We have a son 18 who lives with us. Our solicitor requested us to identify 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 flat is forfeited by the lender. I have two questions (1) Is this form unique to the Coventry BS conveyancing panel as he never had to sign this form when we remortgaged 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 Coventry BS 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would much rather instruct a specialised conveyancing solicitor in Rendlesham?
Do check but the chances are that appoint one of their panel conveyancers should you want the "fee-free" deal. Contact the bank and determine if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Rendlesham.
Me and my brother own a semi-detached Georgian house in Rendlesham. Conveyancing solicitor acted for me and TSB. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rendlesham and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing solicitor who completed the work.
How simple is it to use the search facility to find a conveyancing practitioner in Rendlesham on the panel for my lender?
1st pick a mortgage company such as Lloyds TSB Bank, Leeds Building Society or Bank of Ireland then specify your preferred area e.g. Rendlesham. Conveyancing practices in Rendlesham and further afield will then be listed.
I am using a search engine for the term on line conveyancing in Rendlesham it brings up numerous property lawyersin the area. With so much choice what is the best way to find the right solicitor for purchase transaction?
The preferential method of seeking the right conveyancer is through a personal referral, so enquire of friends and family who have purchased a property in Rendlesham or a respected estate agent or mortgage broker. Costs for conveyancing in Rendlesham vary, so it's a good idea to obtain a minimum of three quotes from different companies. Dont forget to clarify that the fees are fixed.