My fiance and I intend to remortgage our penthouse in Ashton with Nationwide. 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. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the Nationwide conveyancing panel as he never had 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 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.
Do I need to pop into the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Ashton so that I can attend their offices if required.
These days approved lawyers for banks conduct the vast majority of communications via Royal Mail, internet or over phone calls. This enables them to conduct the legal work for your home move regardless of where you live in England or Wales. However you can see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Ashton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ashton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying my first flat in Ashton benefiting from help to buy. The sellers would not budge the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not disclose to my lawyer about the extras as it will jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it possible to swap solicitor as I need to find one who is on the Lloyds TSB Bank conveyancing list. I hired a family conveyancing solicitor in Ashton round the corner but he is not accepted by Lloyds TSB Bank
It would be our pleasure to help you find a conveyancing solicitor in Ashton on the Lloyds TSB Bank panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Ashton. In utilising the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Ashton.
In my capacity as executor for the estate of my aunt I am disposing of a property in Monmouth but live in Ashton. My solicitor (based 260 miles from meneeds me to sign a statutory declaration prior to completion. Can you recommend a conveyancing practitioner in Ashton who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Ashton