My partner and I changing mortgage lender for our penthouse in Malden Rushett with Co-operative. We have a son approaching twenty who lives at home. Our solicitor requested us to identify 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 forfeited by the lender. I have two concerns (1) Is this form unique to the Co-operative conveyancing panel as he never had to sign this form when we purchased 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 Co-operative 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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.
How up to date is your search tool for Malden Rushett conveyancing solicitors on the Lloyds conveyancing panel? Do Lloyds send you an updated list?
Malden Rushett conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
The deeds to my home can not be found. The lawyers who conducted the conveyancing in Malden Rushett 5 years ago have long since closed. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your lawyer should know exactly where to look for all the appropriate documentation so you may buy or dispose of your property without a hitch. Where copies can’t be located, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
Due to the guidance of my in-laws I had a survey completed on a house in Malden Rushett prior to instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor advised that some mortgage companies may not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Malden Rushett. Conveyancing may be slightly more expensive based on your lender's requirements.
My uncle has recommend that I use his lawyers for conveyancing in Malden Rushett. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to get recommendations from friends or relatives who have actually used the firm that you are are thinking of instructing.
Are all Malden Rushett law firms on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your high street bank branch in Malden Rushett. the probability is that they can recommend conveyancing solicitors in Malden Rushett
