My fiance and I intend to remortgage our flat in Alfreton with Coventry BS. We have a son approaching twenty who lives with us. Our solicitor requested us to identify any adults 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 Coventry BS conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this giving up 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.
We are selling our property in Alfreton and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the purchasers instructed a web based conveyancing practice rather than a conveyancing solicitor in Alfreton. We have lived in Alfreton for many years we know that this is a non issue. Should we contact our local Authority to seek confirmation need.
It would appear that you have a conveyancing solicitor already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
How does conveyancing in Alfreton differ for new build properties?
Most buyers of new build premises in Alfreton approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Alfreton tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Alfreton or who has acted in the same development.
What makes your site different to alternative web based conveyancing brokers for conveyancing in Alfreton?
At this site get an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Alfreton. Unlike many estate agents and many comparison sites we do not charge firms a fee if you appoint them for your conveyancing in Alfreton
I have recently realised that I have Fifty years remaining on my flat in Alfreton. I now wish to extend my lease but my landlord is missing. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to prove that you have made all reasonable attempts to locate the landlord. For most situations an enquiry agent would be helpful to try and locate and to produce a report which can be used as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Alfreton.
Alfreton Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
-
How much is the ground rent and service charge? Most Alfreton leasehold flats will incur a service bill for the upkeep of the block set on behalf of the landlord. If you buy the apartment you will have to pay this liability, normally periodically throughout the year. This can differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a rentcharge for you to pay yearly, this is usually not a large sum, say approximately £50-£100 but you need to enquire it because occasionally it could be prohibitively expensive.
How do I establish who owns a property in Alfreton?
Provided the premises is recorded at the Land Registry, and you have the information of the address of the premises, you will be able to view results from the the Land Registry of the registered owner for a for less than a fiver.