My fiance and I are refinancing our maisonette in Brondesbury with Yorkshire BS. We have a son 18 who lives with us. Our solicitor requested us to identify any adults 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 apartment is repossessed. I have a couple of questions (1) Is this form unique to the Yorkshire BS conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this compromise 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 Yorkshire BS. This is solely used to protect Yorkshire 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 Yorkshire 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.
Is there a reason why leasehold purchase conveyancing in Brondesbury costs more?
In short, leasehold conveyancing in Brondesbury and North London usually involve additional due diligence compared to freehold transactions. This includes lease investigation, corresponding with the landlord concerning the service of appropriate notices, obtaining current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.
I am looking for a leasehold apartment up to £195,000 and found one round the corner in Brondesbury I like with a park and railway links in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Brondesbury in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan that many years may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Are there any apps to help identify a Brondesbury solicitor on the Alliance & Leicester conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the conveyancer.
You can use the facility on this website. Please select a lender and your location and you will see a number of Brondesbury conveyancing lawyers locally. We have listed some Brondesbury conveyancing firms at the bottom of this page and you can call them to see whether they are on the Alliance & Leicester member panel
I need to retain a conveyancing solicitor for my conveyancing in Brondesbury. I've chance upon a site which looks to be the perfect solution If there is a chance to get all the legals completed via web that would be preferable. Do I need to be wary? 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?
I am intending to sublet my leasehold flat in Brondesbury. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Even though your last Brondesbury conveyancing lawyer is no longer around you can check your lease to check if it allows you to sublet the property. The accepted inference is that if the lease is silent, subletting is allowed. There may be a precondition that you must obtain consent via your landlord or some other party before subletting. This means you not allowed to sublet without prior permission. Such consent is not allowed to be unreasonably refused ore delayed. If the lease does not allow you to sublet you should ask your landlord for their consent.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Brondesbury. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Brondesbury conveyancing firm who can help.
An example of a Lease Extension case for a Brondesbury residence is 50a Cavendish Road in April 2014. The Tribunal determines that the premium payable by the Applicant in respect of the extension of the lease for the flat was £82,319. This case related to 1 flat. The unexpired lease term was 49.26 years.