My husband and I swapping mortgage lender for our maisonette in Ickenham 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. 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 two questions (1) Is this form unique to the Aldermore conveyancing panel as he never had 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?
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 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.
In what way does my ID and proof of funds have anything to do with my conveyancing in Ickenham? What am I being asked for?
To satisfy the Money Laundering Regulations any Ickenham conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, conveyancers are obliged by law to ascertain not simply the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Our mortgage company has recommended a law firm on their panel based in Ickenham but I would rather choose a conveyancing lawyer in Ickenham round the corner to me. Can you help?
Far from all Ickenham conveyancing firms are approved and listed on all lender’s conveyancing panel. Do make the most of our search tool to locate a Ickenham conveyancing solicitor on the on the mortgage company panel.
My solicitor has informed me that defective lease insurance is required on my purchase. What is the level of cover for Ickenham conveyancing?
The appropriate level of defective lease indemnity insurance depends on who your lender is. It would differ for example between Halifax and Barnsley Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
Can I be sure that the Ickenham conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Ickenham obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor carrying out your transaction.
I am buying a property in Ickenham. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
Given that you are obtaining a mortgage with Virgin Money your lawyer must follow the conveyancing requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and solicitors are required to report to Virgin Money where a lease does not satisfy these specifications. The requirements relate to the installation of panels on properties countrywide and is not isolated to Ickenham.
In my capacity as executor for the estate of my grandmother I am selling a house in Swansea but I am based in Ickenham. My solicitor (approximately 250 miles from merequires that I execute a stat dec before completion. Could you suggest a conveyancing lawyer in Ickenham to attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Ickenham based
I have been searching for Ickenham competitive conveyancing fees. Can I be assured that all the Ickenham law firms that are listed on your site are on the mortgage company conveyancing panel?
The law firms on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Ickenham firm being on the mortgage company conveyancing panel is incorrect.