My wife and I are refinancing our maisonette in Shortlands with TSB. We have a son 19 who lives at home. 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, giving up any rights in the event that the property is forfeited by the lender. I have two questions (1) Is this form unique to the TSB conveyancing panel as he did not need to sign this form when we remortgaged 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 TSB 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 TSB. This is solely used to protect TSB 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 TSB 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.
What does my ID and proof of funds have anything to do with my conveyancing in Shortlands? What am I being asked for?
In order to comply with Money Laundering Regulations any Shortlands conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to check not simply the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
We are selling our house in Shortlands and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Shortlands lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using a nationwide conveyancing outfit rather than a conveyancing solicitor in Shortlands. Having lived in Shortlands for 5 years we know of no issue. Should we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Due to the guidance of my in-laws I had a survey completed on a property in Shortlands in advance of retaining solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some lenders will not grant a loan on this type of premises.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Shortlands. Conveyancing will be smoother if you use a solicitor in Shortlands especially if they are familiar with such properties in Shortlands.
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At this site get an accurate quote from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Shortlands. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you choose them for your home move in Shortlands
In surfing the web for the words conveyancing in Shortlands it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the right conveyancer for me?
The ideal way of choosing the right conveyancer is through a trusted recommendation, so enquire of friends and those you trust who have purchased a property in Shortlands or a local estate agent or mortgage broker. Costs for conveyancing in Shortlands vary, so it's sensible to secure a minimum of three estimates from varying types of property lawyers. Make sure that you clarify that the costs are guaranteed not to increase.