My fiance and I intend to remortgage our apartment in Beddington with UBS. We have a son 18 who lives at home. 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 apartment is repossessed. I have a couple of questions (1) Is this form unique to the UBS conveyancing panel as he did not need to sign this form when we purchased 3 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 UBS. This is solely used to protect UBS 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 UBS 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.
Various online forums that I have frequented warn that are the main reason for delay in Beddington conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Beddington.
Are there restrictive covenants that are commonly identified as part of conveyancing in Beddington?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Beddington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Are there any apps to assist me to identify a Beddington law firm on the Barclays Direct conveyancing panel? I have wheels and am happy to travel upto 10miles to meet the conveyancer.
Feel free to make use of the facility on this page. Please choose the mortgage company and your location and you will see a number of Beddington conveyancing lawyers located nearest you. We have listed some Beddington conveyancing firms towards the end of this page and you can ring them to check whether they are on the Barclays Direct approved list
I am the registered owner of a garden flat in Beddington. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
Most definitely. We are happy to put you in touch with a Beddington conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Beddington property is Ground Floor Flat 14 Lodge Road in October 2013. the tribunal held that the price payable for the acquisition of the extended lease of the property should be £12,590 .00 This case was in relation to 1 flat. The unexpired term as at the valuation date was 69.46 years.
In relation to leasehold conveyancing in Beddington what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Beddington. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are wrong. For example, if your lease is missing any of the following, it could be defective:
Service charge per centages that don't add up correctly leaving a shortfall Insurance obligations
A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. HSBC Bank, Chelsea Building Society, and Britannia all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the buyer to withdraw.
There are plenty of houses in Beddington on private roads. I am acquiring such a property. Are there any benefits to purchasing a house on a privately owned road?
Beddington conveyancing practices will be used to transacting houseson private. The conveyancing practitioner will review the Land Registry data to find any rights or liabilities. In many cases there is a residents association that residents pay into for the upkeep of the road. Where there is one, the road will likely be maintained and appear nicer than publicly owned.