I am obtaining a mortgage offer from Nat West. My intention is to employ the services of a Licensed Conveyancer in Willenhall. Does the Nat West Solicitor panel allow for conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My husband and I are refinancing our apartment in Willenhall with HSBC. 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, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this document specific to the HSBC conveyancing panel as he did not need to sign this form when we bought 3 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 HSBC 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 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.
My relative recommended that where I am buying in Willenhall 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 occasionally included in the estimate for your Willenhall conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Willenhall around the property and the people living there. It incorporates 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 Property Price, Crime details, Willenhall Education with plans and statistics, Local Amenities and other useful data concerning Willenhall.
I decided to have a survey carried out on a property in Willenhall ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may not issue a mortgage on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Willenhall. Conveyancing will be smoother if you use a solicitor in Willenhall especially if they regularly deal with such properties in Willenhall.
How easy is it to use your search tool to locate a conveyancing practitioner in Willenhall on the panel for my lender?
Step one is to select a bank such as Santander, Leeds Building Society or Godiva Mortgages Ltd then type in your preferred area for instance Willenhall. Conveyancing practices in Willenhall and across England and Wales will then be listed.