My fiance and I swapping mortgage lender for our flat in Alford with Coventry BS. We have a son 19 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. 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 Coventry BS conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this extinguish his rights 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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.
I am buying a garden flat in Alford. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Alford you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Alford.
Due to the advice of my in-laws I had a survey completed on a house in Alford before retaining solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies will not issue a loan on such a premises.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Alford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Alford to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Alford cover?
Alford conveyancing for business premises incorporates a broad array of guidance, provided by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Should I go with a Alford conveyancing lawyer in close proximity to the house I am purchasing? An old friend can handle the legal work but they are based 200kilometers away.
The benefit of a high street Alford conveyancing firm is that you can attend the office to execute paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Alford know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and the majority were happy that should trump using an unknown Alford conveyancing solicitor just because they are based in the area.
I am in need of some leasehold conveyancing in Alford. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and 99.9% are in Alford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Alford Leasehold Conveyancing - A selection of Queries Prior to buying
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Generally speaking the cost for major works are not wrapped into the maintenance charges, although there some managing agents in Alford require leasehold owners to pay into a sinking fund and this is used to offset against larger works. It would be prudent to find out as much as possible about the company managing the block as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the communal areas. Enquire of other people whether they are happy with them. On a final note, investigate as to the dates that you are obliged pay the service charge to the appropriate party and precisely what it includes.