My partner and I are refinancing our penthouse in Barrow Upon Soar with Santander. We have a son 18 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Santander conveyancing panel as he never had to sign this form when we bought 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.
Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Barrow Upon Soar so that I can pop in to their offices if necessary.
These days approved lawyers for mortgage companies carry out their work through the post, e-mail or over the phone. This enables them to undertake the conveyancing transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Barrow Upon Soar?
Its becoming the norm that commercial conveyancing solicitors in Barrow Upon Soar will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Barrow Upon Soar. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Barrow Upon Soar.
For every commercial conveyancing transaction in Barrow Upon Soar it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Barrow Upon Soar commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Barrow Upon Soar.
I have justbeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Barrow Upon Soar for a purchase of a leasehold apartment 18 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest way to see if the property is in your name, you can make 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 Barrow Upon Soar conveyancing specialists.
I own a leasehold house in Barrow Upon Soar. Conveyancing and Britannia mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Barrow Upon Soar who previously acted has long since retired. Any advice?
First contact the Land Registry to be sure that this person is indeed the new freeholder. There is no need to instruct a Barrow Upon Soar conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a ground floor flat in Barrow Upon Soar, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Barrow Upon Soar with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease ceases on 21st October 2076
With just 52 years left to run the likely cost is going to range between £29,500 and £34,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.
Your search tool is useful but there are many lawyers listed near Barrow Upon Soar being on the mortgage company conveyancing panel. Can you recommend a specific firm on the mortgage company approved panel?
We are not in the business of recommending one firm above another as the right Barrow Upon Soar conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Barrow Upon Soar knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..