My husband and I intend to remortgage our maisonette in Braunstone with Santander. We have a son approaching twenty who lives with us. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Santander conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right 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 Santander. This is solely used to protect Santander 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 Santander 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.
When can the exchange of contracts take place for residential conveyancing in Braunstone and am I required to be at the solicitors office?
If you are round the corner to our conveyancing solicitors in Braunstone you are welcome to attend to sign documents. However, the lender approved solicitors we work with supply a national conveyancing service and give just as diligent and professional a job for you when dealing with you digitally. The signing of the purchase agreement is not the important part. A signed contract is just a prerequisite for the solicitor to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Braunstone)to be in the office available at the end of the phone to exchange contracts.
Is it possible to switch firm as I have to instruct a firm on the Halifax conveyancing panel. I was using a family conveyancing solicitor in Braunstone round the corner but he is not accepted by Halifax
It would be our pleasure to help you select a conveyancing solicitor in Braunstone on the Halifax panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Braunstone. In making use of search facility on this website, you can scrutinise fees for conveyancing solicitors in Braunstone and throughout England and Wales.
In searching the web for the term conveyancing in Braunstone it reveals numerous conveyancersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for my move?
The ideal way of choosing the right conveyancer is via trusted recommendation, so seek the counsel of friends and those you trust who have acquired a property in Braunstone or a local estate agent or financial adviser. Costs for conveyancing in Braunstone differ, so it's a good idea to obtain at least three fee estimates from different companies. Be sure to seek confirmation what costs in the quote includes.
Are there any compelling benefits to choosing a local conveyancing practitioner in Braunstone
Many purchasers and sellers in Braunstone decide on using a local solicitor so that they can pop into the firm’s offices if they have problems, and to sign paperwork without using the Royal Mail.
There is a slight benefit in opting for a conveyancer nearby to a house you are buying, due to the familiarity of the region and possible local issues - however this is debatable. Many conveyancers are now over the web and could be practically anywhere.