My wife and I changing mortgage lender for our apartment in Upton with Nationwide. We have a son approaching twenty who lives at home. 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, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Nationwide 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?
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.
Are the Upton conveyancing solicitors identified as being on the Nationwide conveyancing panel, together with their details provided by Nationwide?
Upton conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
I have been referred to a conveyancing solicitor in Upton. I I would like to check whether they are on the TSB approved list of lawyers. Could you assist?
You should contact your lawyer and ask them whether they can act for the lender. Alternatively you can call TSB who may be able to confirm.
This question may be naive but I am new to the home moving as FTB of a ground floor flat in Upton. Do I pick up the keys to the house on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Upton?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the owner’s lawyers, and once they have received this, you should be called to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
We are getting the release of further monies on our home loan from Nationwide as we want to conduct a loft conversion to our house in Upton. Do we need to choose a high street Upton solicitor on the Nationwide conveyancing panel to handle the paperwork?
Nationwide don't usually instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide list.
I was told two weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Upton is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
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At this site obtain an accurate quote from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Upton. Unlike many estate agents and many comparison sites we do not have referral deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the highest commission, as opposed to the best value conveyancing in Upton