Some mortgage lenders require an adult who is not a part-legal owner of your property to sign a consent form. If that adult is living at the property, they will be issued with this form as they are not named on the mortgage, and this is aimed at ensuring that person cannot make a claim of right of occupation should the situation arise where the property undergoes repossession.

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The Occupier Should Seek Legal Advice Before Signing the Form

The occupier should of course obtain professional legal guidance before signing the document to ensure they understand their rights. Completing this consent form is an essential part of the home-buying process, and it should not be shelved or ignored. Lenders will request that anyone who is over 18 completes the form to verify they will leave the property upon repossession.

2021 Set to Be a Busy Year for Home-Movers

The mortgage lender may refuse to take the mortgage any further if the occupier refuses to sign the occupier consent form. A lawyer will be able to assist with the legal aspect, and usually their fee includes answering the query and following instructions, as well as regulations and identification checks and meeting the applicant in person where needed. The professional fee may also include completing details on the form and then dealing with any further queries from third parties as well as retaining the file for at least six years.

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According to, 2021 could well be the busiest year for home moves since the 2007-08 financial crisis. The number of property sales is anticipated to reach 1.5 million by the end of the year. Home movers requiring professional services can consult a range of professionals, including Sam Conveyancing.

It’s Essential to Have the Paperwork in Order as Soon as the Issue Arises

Perhaps the occupant was not living in the property when the mortgage was originally taken out, or the lender has just become aware that a non part-legal owner resides at the property. There are a variety of situations which you could find yourself in, and as soon as this issue is raised, it is essential to seek advice as soon as possible and proceed with the paperwork.

Different lending institutions may have consent forms that differ slightly, but the bulk of the content is the same. By signing the form, the occupier agrees that the property is to be subject to the mortgage, and they acknowledge the mortgage application. The form will also specify that they agree with the lender that any interest that the occupier might have in the house would follow the interest of the lender.

By ZsuNC

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