My fiance and I are refinancing our penthouse in Callington with Santander. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Santander conveyancing panel as he did not need to sign this form when we remortgaged 5 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 Santander. This is solely used to protect Santander 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 Santander 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 considering applying for a Principality mortgage for purchase of a new build (under development) in Callington with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
In theory, you could use a solicitor that is not on the Principality conveyancing panel, but Principality would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I am looking for a ground for flat up to £245,000 and found one close by in Callington I like with a park and transport links in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Callington for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
What does commercial conveyancing in Callington cover?
Callington conveyancing for business premises covers a wide array of advice, offered by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am using a search engine for the phrase cheap conveyancing in Callington it reveals many conveyancersin the area. How do I determine which is the right conveyancing solicitor for my move?
The best way of choosing the right conveyancer is via trusted recommendation, so ask colleagues and those you trust who have acquired a property in Callington or the reputable estate agent or financial adviser. Fees for conveyancing in Callington differ, so it's sensible to obtain at least three costs illustrations from different companies. Make sure that you clarify what costs in the quote includes.
We are about to buying a property in Callington. Conveyancing is not over but we would like keep the amount we are are buying for confidential from sites such as Rightmove. Is this possible and how?
HMLR are legally obliged to note price sold information on a register of the title for domestic properties countrywide including properties in Callington. The Title Register is an open document, so HM Land Registry would be breaching their statutory obligations if they did not grant access to the register.
You can ask the Land Registry to withhold the amount paid data yet the answer would be in the negative.