My partner and I intend to remortgage our penthouse in Camberwell with Nationwide. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 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 two questions (1) Is this form unique to the Nationwide conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Nationwide 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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial land in Camberwell?
Its becoming the norm that commercial conveyancing solicitors in Camberwell will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Camberwell. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Camberwell.
For every commercial conveyancing transaction in Camberwell it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Camberwell commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Camberwell.
Me and my brother purchased a renovated Georgian house in Camberwell. Conveyancing lawyer represented me and Britannia. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the exact same address. Is it worth asking Britannia to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Camberwell and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing solicitor who conducted the work.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Camberwell is where the house is located. Is there any advice you can give?
Flying freeholds in Camberwell are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Camberwell you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Camberwell may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My cousin has suggested that I use his conveyancing solicitors in Camberwell. Do I follow his advice?
No doubt the ideal way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have used the solicitor you're considering.
Are there any apps to help find a Camberwell conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 10kilometers to meet the conveyancer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Camberwell and you will see a number of lawyer located nearest Camberwell. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.