My wife and I are refinancing our flat in Kings Norton with Nationwide. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Nationwide 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 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.
Due to the advice of my in-laws I had a survey completed on a house in Kings Norton prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend not grant a mortgage on a flying freehold property.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kings Norton. Conveyancing will be smoother if you use a solicitor in Kings Norton especially if they regularly deal with such properties in Kings Norton.
How difficult is it to transfer to a new firm as I need to appoint a firm on the Godiva Mortgages Ltd conveyancing list. I hired a local conveyancing solicitor in Kings Norton round the corner but he is not approved by Godiva Mortgages Ltd
It would be our pleasure to assist you select a conveyancing solicitor in Kings Norton on the Godiva Mortgages Ltd panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Kings Norton. In making use of search facility on this site, you can scrutinise costs for conveyancing solicitors in Kings Norton and throughout England and Wales.
We're first time buyers - agreed a price, yet the agent told us that the vendor will only move forward if we use their chosen lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a family conveyancer who is accustomed to conveyancing in Kings Norton
We suspect that the seller is unaware of this request. If they desire ‘a quick sale', alienating a motivated purchaser is counter productive. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Kings Norton conveyancing solicitors - as opposed tothose that will give their estate agent a kickback or achieve conveyancing targets demanded by head office.
I need to find a mortgage company panel solicitor in Kings Norton. Can you assist?
It is not clear why you need a Kings Norton panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Kings Norton are on their panel . If you do find such a firm in Kings Norton not listed please direct them to our site to list. After all the cost is only one £1 a month