My partner and I changing mortgage lender for our apartment in Old Woking with Co-operative. We have a son 19 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, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this document specific to the Co-operative conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his rights 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 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.
My property lawyer in Old Woking is not listed on the Godiva Mortgages Ltd Conveyancing Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the Godiva Mortgages Ltd panel?
Your options are as follows:
- Complete the purchase with your preferred Old Woking lawyers but Godiva Mortgages Ltd will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the overall legal fees and result in delays.
- Find an alternative practitioner to to deal with the purchase, obviously checking they are Godiva Mortgages Ltd approved.
- Persuade your Godiva Mortgages Ltd based solicitor to try to join the Godiva Mortgages Ltd panel
I need some expedited conveyancing in Old Woking as I have pressure to exchange contracts inside one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not taking a home loan you are at free not to do searches although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Old Woking the following are examples of what can show up and therefore affect future mortgageability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
Taking into account that I will soon part with £400,000 on a two bedroom apartment in Old Woking I would like to have a conversation with the lawyer regarding thehouse move ahead of giving the go ahead to the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you speaking to the solicitor who will be doing your property ownership legalities in Old Woking.There is no ‘factory style conveyancing’ - every client is an important person, not a case reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Old Woking should be the amount on the final invoice that you end up paying.
My father-in-law has suggested that I appoint his lawyers for conveyancing in Old Woking. Do I follow his advice?
Much as we are happy to recommend a Old Woking conveyancing lawyer it’s preferable to choose a conveyancing practitioner is to seek guidance from friends or family who have actually experience in using the solicitor you're contemplating using.