I am obtaining a offer of a home loan from Santander. I intend to employ the services of a Licensed Conveyancer in Holmrook. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My partner and I are refinancing our penthouse in Holmrook with Bank of Ireland. We have a son 19 who lives with us. Our solicitor requested us to identify any adults 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 property is forfeited by the lender. I have two concerns (1) Is this form unique to the Bank of Ireland conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this extinguish his entitlement 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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.
I require fast conveyancing in Holmrook as I have pressure to sign on the dotted line within 3 weeks. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Holmrook the following are examples of issues that can crop up and adversely affect future saleability: Enforcement Actions, Overdue Charges, Overdue Grants, Road Schemes,...
I have been on the look out for a flat up to £235,500 and found one round the corner in Holmrook I like with open areas and station in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Holmrook suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I need to retain a conveyancing solicitor for sale conveyancing in Holmrook. I happened to stumble upon a site which appears to be the ideal answer If there is a chance to get all this stuff completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?