We've filled in the majority of legal docs regarding our mortgage.
Married couple , both names on mortgage application, house is
currently under construction and we haven't yet drawn down
funds for stage payments.. hence getting the mortgage application
completed.
One of the forms we have to fill in is called
"declaration of husband and wife that property is not the family home"
I understand this really relates to the current situation while the
build is underway. I understand also that as soon as we move into
the property legally it becomes the family home. I'm guessing
it has something to do with protection of the house being disposed
while being built,etc.
Can someone explain what the purpose of this form is.
Our solicitor was out of office today and I'll catch up with her tomorrow.
I just was wondering if any legal eagles, etc here could explain what
the purpose of the form is in terms of a fresh mortgage application.
Married couple , both names on mortgage application, house is
currently under construction and we haven't yet drawn down
funds for stage payments.. hence getting the mortgage application
completed.
One of the forms we have to fill in is called
"declaration of husband and wife that property is not the family home"
I understand this really relates to the current situation while the
build is underway. I understand also that as soon as we move into
the property legally it becomes the family home. I'm guessing
it has something to do with protection of the house being disposed
while being built,etc.
Can someone explain what the purpose of this form is.
Our solicitor was out of office today and I'll catch up with her tomorrow.
I just was wondering if any legal eagles, etc here could explain what
the purpose of the form is in terms of a fresh mortgage application.