I am getting a offer of a home loan from Nat West. I hope to enlist the help of a Licensed Conveyancer in South Petherton and Lambrook. Does the Nat West Solicitor panel include conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My partner and I intend to remortgage our flat in South Petherton and Lambrook with Lloyds. We have a son 19 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the Lloyds conveyancing panel as he did not need to sign this form when we remortgaged 3 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 Lloyds. This is solely used to protect Lloyds 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 Lloyds 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.
Can your site be used to locate a Conveyancing solicitor in South Petherton and Lambrook even where I’m not buying or selling a house, for example if I want to acquire an office in South Petherton and Lambrook with a mortgage from Barclays ?
Our search tool is predominantly used to find domestic conveyancing solicitors in South Petherton and Lambrook but we have recorded at the end of this page some South Petherton and Lambrook commercial conveyancing firms. You should enquire with the company directly to establish if they can also act for Barclays
When reviewing online forums for an online solicitor in South Petherton and Lambrook, many comment that I should look for a CQS assured lawyer. Can you explain what CQS is?
South Petherton and Lambrook Conveyancing Quality Scheme solicitors have achieved certification by the law Society CQS was brought about to establish evidence of quality standards in the home legal process. CQS helps buyers and sellers to recognise practices who provide a quality residential conveyancing. South Petherton and Lambrook is one of the many areas in England and Wales in which accredited firms have a presence. The scheme obliges solicitors to undergo a strict assessment, compulsory training, self-certification, random audits and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Council of Mortgage Lenders.
I have been on the look out for a leasehold apartment up to £305k and identified one close by in South Petherton and Lambrook I like with amenity areas and station nearby, however it's only got 49 remaining years left on the lease. There is not much else in South Petherton and Lambrook suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage that many years will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.