My fiance and I swapping mortgage lender for our apartment in Rhiwbina with TSB. We have a son 19 who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. 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 3 years ago (2) In signing this form is our son in any way compromising his right 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.
My bid for a property was accepted at auction in Rhiwbina. Conveyancing is necessary. What are my next steps?
Given that you have now for all intents and purposes signed on the dotted line you must appoint a conveyancing practitioner as a matter of urgency as you now have a tight deadline in which to complete the purchase. Every auction property will have a corresponding legal pack. This will likely include most,if not all of the paperwork that your solicitor will need. Where you are dealing with leasehold premises the conveyancing pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must give this to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding in place to complete the transaction on the set completion date.
Completion of my remortgage has taken place for my property in Rhiwbina. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
About to purchase maisonette in Rhiwbina. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Rhiwbina solicitor is on the Coventry BS conveyancing panel.
My colleague recommended that where I am purchasing in Rhiwbina I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Rhiwbina conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Rhiwbina around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Rhiwbina Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Rhiwbina Education with maps and statistics, Local Amenities and other useful data regarding Rhiwbina.
How easy is it to use your search tool to get a fee calculation from a conveyancing lawyer in Rhiwbina on the authorised to act for my mortgage?
1st choose a lender such as Lloyds TSB Bank, Chelsea Building Society or Aldermore then choose your location for example Rhiwbina. Conveyancing organisations in Rhiwbina and further afield will then be shown.
I pay a maintenance contribution for my flat in Rhiwbina. As a result of personal circumstances I slipped into arrears with remittance. I negotiated a payment schedule but there is still about £3000 outstanding at the current time.
I now wish to sell and I am panicking this may threaten to derail the sale if I have to pay off the amount due now. I'd like to sell up and then discharge the debt from the completion monies - is this practicable?
Your solicitor will hopefully be in a position to negotiate with the management company, with a new to seeing if they would accept settlement out of the sale proceeds. Here is indicative of why it is advisable to appoint a lawyer in Rhiwbina as they are likely to have an open line of communication with the management company.