My wife and I swapping mortgage lender for our maisonette in Bury with Nationwide. We have a son 18 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Nationwide conveyancing panel as he did not need to sign this form when we bought 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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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 are buying a flat and require a conveyancing solicitor in Bury who is on the TSB solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Bury.
What can a local search tell me concerning the house I am buying in Bury?
Bury conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Searchflow The local search is essential in every Bury conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
In my capacity as executor for the estate of my grandfather I am disposing of a house in Swansea but live in Bury. My lawyer (who is 300 miles from merequires that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing solicitor in Bury to attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Bury based
My lender have just issued us with a mortgage offer. We appointed a reputable conveyancer in Bury last week. Today, our mortgage adviser contacted us saying that the bank said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the lender had a say Is this allowed?
You can actually select any lawyer you prefer to select including the said conveyancer in Bury however if your lender aren't happy with them you will have to incur an extra fee so your lender can appoint their own lawyers. It may be conceivable that your solicitor may apply to get included on to the mortgage company panel. Do make the most of internet tools such as lenderpanel.com to find a conveyancing solcitor in Bury on the mortgage company panel. You can go into your local bank branch in Bury. They will know some good conveyancing solicitors in Bury on the bank panel.