My fiance and I intend to remortgage our maisonette in Dudley with Co-operative. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this form unique to the Co-operative conveyancing panel as he never had 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?
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.
We're in Dudley, FTBs purchasing with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I need some fast conveyancing in Dudley as I am faced with a deadline to sign on the dotted line in less than 2 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not getting a home loan you are at free not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Dudley the following are instances of what can arise and adversely affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
What tools are available to search for a Dudley solicitor on the Birmingham Midshires conveyancing panel? I am a keen cyclist and am willing to travel upto 10miles to meet the lawyer.
You can use the facility on this page. Please select a mortgage company and your location and you will see a number of Dudley conveyancing lawyers locally. We have listed some Dudley conveyancing firms towards the end of this page and you can ring them to check whether they are on the Birmingham Midshires approved list
I was informed by my mortgage company that their approved lawyers work on no move no charge basis for conveyancing in Dudley. I had a purchase abort and now the lawyers want search fees! They are stating that the fees are nothing to do with their fees!
Dudley conveyancing search costs are disbursements not legal fees as these are payable to independent parties.