My husband and I are refinancing our flat in Easton with Aldermore. We have a son 19 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this document specific to the Aldermore conveyancing panel as he did not need 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 Aldermore 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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 find a Conveyancing solicitor in Easton even where I’m not purchasing or selling a house, for example if I intend to buy a shop in Easton with a loan from Godiva Mortgages Ltd?
The service is mainly there to select domestic conveyancing solicitors in Easton but we have listed towards the end of this page a few Easton commercial conveyancing firms. You should speak with the company directly to see if they are also authorised to represent Godiva Mortgages Ltd
Do the Building Society Association intend to launch a online directory to to identify law firms on the Loughborough BS conveyancing panel for example in Easton?
We are not aware of any intention on the part of the BSA to develop such a search facility.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The conveyancers who handled the conveyancing in Easton 5 years ago are no longer around. What are my next steps?
You no longer need to have the physical original deeds to prove you own the land or premises, given that the Land Registry have everything they need in a digital format.
I am purchasing my first flat in Easton benefiting from help to buy. The developers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not disclose to my conveyancer about the deal as it will put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 best to choose a Easton conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can carry out the legal work however her office is 300miles drive away.
The primary upside of using a high street Easton conveyancing firm is that you can attend the office to execute paperwork, present your identification documents and apply pressure on them where appropriate. They will also have local insight which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and they were happy that must surpass using an unknown Easton conveyancing solicitor solely due to them being Easton based.