My husband and I intend to remortgage our apartment in Llanrumney with Bank of Ireland. We have a son 19 who lives at home. Our solicitor has asked us to disclose 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, giving up any rights in the event that the apartment is forfeited by the lender. I have two questions (1) Is this document specific to the Bank of Ireland conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Bank of Ireland conveyancing panel solicitor is doing the right thing 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.
What is the best way to investigate if the solicitor handling my conveyancing in Llanrumney is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Coventry Building Society thus paying £192.00 in another set of conveyancing fees.
Feel free to make use of the search tool on this web page. Please choose the lender and type ‘Llanrumney’ or your location and you will discover a number of lawyer offices in Llanrumney or near you.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Llanrumney is where the house is located. Can you offer any assistance?
Flying freeholds in Llanrumney are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Llanrumney you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Llanrumney may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What is different about your site and alternative internet conveyancing brokers when it comes to conveyancing in Llanrumney?
At this site get a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Llanrumney. As opposed to estate agents and brokerage sites we do not charge firms a commission if you choose them for your property ownership legalities in Llanrumney
I need to appoint a conveyancing solicitor for leasehold conveyancing in Llanrumney. I've chance upon a site which appears to be the perfect offering If it is possible to get all formalities completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
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?