My wife and I changing mortgage lender for our flat in March with . We have a son 18 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 flat is repossessed. I have a couple of questions (1) Is this form unique to the conveyancing panel as he never had to sign this form when we bought 3 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 . This is solely used to protect 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 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.
We just had an offer accepted to purchase with . We have called around locally but am struggling to find a March conveyancing firm on the approved list. Please you help?
Feel free to take advantage of the search tool on this site. Pick the lender and type March or your location and you will discover a number of lawyer offices in March or by proximity to you.
is it true that all March conveyancing solicitors on the conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the approved list of solicitors they would need to be overseen by the SRA. The majority of banks do allow licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
My partner and I have arranged the release of further monies on our home loan from as we want to conduct alterations to our property in March. Are we obliged to select a local March solicitor on the conveyancing panel to handle the paperwork?
would not normally require firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the list.
I'm in the throws of viewing houses in March and I am about to put in an offer. Is it wise to have a on ‘stand by’? I am planning to take a mortgage with .
It would be sensible to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are getting a mortgage with , make sure you remember to check that your lawyer is on the conveyancing panel.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when buying a residence in March?
Unless a previous acquisition of the premises completed after 12 October 2013 you could take it that solicitors carrying out conveyancing in March to continue to recommend a chancel search and or chancel repair liability policy.
The deeds to our home can not be found. The conveyancers who conducted the conveyancing in March 10 years ago are no longer around. Will I be able to sell the house?
As long as the title is registered the details of your proprietorship will be evidenced by HMLR with a Title Number. It is possible to perform a search at the Land Registry, locate your house and obtain current copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be obtained for twenty pounds.