My fiance and I are refinancing our penthouse in Enfield Lock with Bank of Ireland. We have a son 18 who lives at home. 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 property is repossessed. I have two questions (1) Is this form unique to the Bank of Ireland conveyancing panel as he never had to sign this form when we bought 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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 the Building Society Association intend to launch a online directory to list solicitors on the Melton Mowbray Building Society conveyancing panel for instance in Enfield Lock?
We have not been informed any plans on the part of the BSA to promote such a register.
Can you help - my lawyer advises that defective lease insurance is required on my purchase. What is the level of cover for Enfield Lock conveyancing?
The right level of defective lease indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
Can you point me to a directory of Clydesdale panel solicitors in Enfield Lock on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings open the public on the web. Where you are looking for a Enfield Lock conveyancer on the Clydesdale please use our tool.
Is it the case that all Enfield Lock conveyancing solicitors on the Leeds Building Society conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Leeds Building Society approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some banks do list licenced conveyancers on their panel in which case such firms would be governed by the CLC.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a residence in Enfield Lock? or Apparently there is an ancient law that could mean that house owners residing in a parish church boundary will be compelled to pay for maintenance to the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Enfield Lock?
Unless a prior acquisition of the property completed post 12 October 2013 you could take it that conveyancing practitioners handling conveyancing in Enfield Lock to continue to recommend a chancel search and or chancel repair liability policy.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Enfield Lock is the location of the property. Is there any advice you can give?
Flying freeholds in Enfield Lock are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Enfield Lock you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Enfield Lock may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How do I use your search facility to choose a conveyancing practitioner in Enfield Lock on the panel for my lender?
1st select a mortgage company such as Halifax, Barnsley Building Society or Britannia then specify your location for example Enfield Lock. Conveyancing organisations in Enfield Lock and further afield should be listed.