My husband and I are refinancing our penthouse in Bishopsworth with UBS. 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 lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have two questions (1) Is this form unique to the UBS conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your UBS conveyancing panel solicitor is doing the right thing 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.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bishopsworth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bishopsworth. 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…’
Just had an offer accepted on a new build flat in Bishopsworth. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Bishopsworth
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared.
How can the Landlord & Tenant Act 1954 affect my business premises in Bishopsworth and how can you help?
The particular law that you refer to affords a safeguard to commercial lessees, giving them the dueness to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Bishopsworth is one of our numerous areas of the UK in which the firms we work with are located
I need to instruct a conveyancing solicitor for some conveyancing in Bishopsworth. I have stumble across a site which seems to have the perfect answer If there is a chance to get all the legals completed via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Is it true that a Bishopsworth conveyancing solicitor got sued by clients for failing to conduct the appropriate conveyancing investigations?
Our attention has not be brought to such a Bishopsworth conveyancing claim but according to a recent report, a couple acquiring a property in Cumbria successfully sued their solicitor due to development plans to construct a wind farm failing to be identified in conveyancing searches.
Where you are contemplating buying a home in Bishopsworth It is important that your conveyancer conduct all Bishopsworth conveyancing searches required to ensure you have accurate and up to date information before acquiring a home in Bishopsworth.