My wife and I are refinancing our flat in Locks Heath with TSB. 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 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 property is repossessed. I have two concerns (1) Is this form unique to the TSB conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your TSB 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 TSB. This is solely used to protect TSB 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 TSB 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.
At what point can the exchange of contracts occur in purchase conveyancing in Locks Heath and am I required to be at the solicitors branch?
Where you are in close proximity to one of the conveyancing solicitors in Locks Heath you are invited in to sign documents. However, the firms we recommend provide countrywide coverage for conveyancing and give as equally detailed and professional a job for you when dealing with you electronically. The executing of the contract is not the important part. A signed contract simply enables the conveyancer to officially exchange at the suitable time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Locks Heath)to be in the office available at the end of the phone to exchange contracts.
I am purchasing a semi-detached house in Locks Heath. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Locks Heath you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Locks Heath.
I'm buying a new build house in Locks Heath with the aid of help to buy. The sellers refused to budge the price so I negotiated £7000 of extras instead. The property agent told me not to tell my lawyer about the extras as it may adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the will of my grandmother I am selling a house in Monmouth but live in Locks Heath. My solicitor (approximately 260 kilometers from merequires that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing lawyer in Locks Heath to witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Locks Heath based