My fiance and I intend to remortgage our maisonette in Wilton with Co-operative. We have a son 18 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Co-operative conveyancing panel as he did not need to sign this form when we remortgaged 3 years ago (2) Does our son by signing this giving up 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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.
Can your site be used to find a Conveyancing solicitor in Wilton even if I’m not buying or disposing of a house, for instance if I intend to buy a shop in Wilton with a mortgage from Alliance & Leicester ?
Our search tool is mainly there to find residential conveyancing solicitors in Wilton but we have recorded towards the bottom of this page a selection of Wilton commercial conveyancing firms. You will need to speak with the firm directly to see if they can also act for Alliance & Leicester
When reading online forums for an affordable lawyer in Wilton, many comment that I should instruct a CQS accredited lawyer. What is CQS?
Wilton Conveyancing Quality Scheme practices have achieved certification by the law Society The Law Society created CQS to establish evidence of quality standards in the in the legal transfer of properties. CQS helps house movers to identify solicitor firms that provide a quality residential conveyancing. Wilton is one of the many areas in England and Wales in which CQS have a presence. The conveyancing scheme requires law firms to undergo a strict assessment, compulsory training, self-reporting, random audits and yearly assessments in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Building Societies Association.
I have justbeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Wilton for a purchase of a leasehold flat 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The quickest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wilton conveyancing specialists.
I am purchasing a new build house in Wilton benefiting from help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not reveal to my solicitor about this extras as it would put at risk my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.