My wife and I intend to remortgage our penthouse in Cheetham with Coventry BS. We have a son 19 who lives with us. Our solicitor requested us to identify 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 apartment is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Coventry BS conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this compromise 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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 note that you have a search directory identifying solicitors on the Bank of Ireland conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Cheetham?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Cheetham.
We are close to exchanging contracts on the sale of our house in Cheetham and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Cheetham lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using an internet conveyancing practice rather than a conveyancing solicitor in Cheetham. Having lived in Cheetham for many years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You should 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 health insurance to cover that same illness)
I have todaydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Cheetham for a purchase of a leasehold apartment 10 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cheetham conveyancing specialists.
We're new to the buying process - had an offer accepted, yet the property agent advised that the owners will only proceed if we use the agent's recommended lawyers as they want an ‘expedited deal’. We would rather use a local conveyancer who is accustomed to conveyancing in Cheetham
We suspect that the owner is not behind this ultimatum. If they require ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Try to communicate with the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your preferred Cheetham conveyancing lawyers - not the ones that will earn their negotiator at the agency a referral fee or achieve conveyancing targets pre-set by HQ.