My husband and I are refinancing our flat in Brecon with RBS. We have a son 18 who lives at home. Our solicitor requested us to identify any adults 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 flat is forfeited by the lender. I have two concerns (1) Is this document specific to the RBS conveyancing panel as he never had to sign this form when we remortgaged 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 RBS. This is solely used to protect RBS 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 RBS 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 wife and I have recently appointed a conveyancing solicitor in Brecon. I I would like to check if they are accepted on the Platform Home Loans Ltd approved list of lawyers. Could you help?
The first thing you should do is phone your conveyancer and enquire if they can act for the lender. Otherwise you can call Platform Home Loans Ltd who may be able to help.
I opted to have a survey done on a property in Brecon before instructing solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some banks will refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brecon. Conveyancing will be smoother if you use a solicitor in Brecon especially if they regularly deal with such properties in Brecon.
I am looking into buying my first house which is in Brecon and I am already nervous. I couldn't find anything specific about Brecon. Conveyancing will be needed in due course but do you know about the Brecon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Brecon. In the meantime here are some basic statistics that we found
My mother and father cant seem to find their Brecon property on the HMLR site. They recall that back in the 70’s when they bought the property there were complications concerning the address not being recognised in some systems.
The vast majority of premises in Brecon should appear. Have you tried a search to simply the postcode. Usually it should identify all the houses and flats inside that postcode. Assuming the property is recorded it will be there with a title number. If they bought 48 years ago it's conceivable it may be not yet registered. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title documentation which might be with your parent’s mortgage company.