My fiance and I intend to remortgage our apartment in Chislehurst with Co-operative. 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, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this form unique to the Co-operative conveyancing panel as he did not need to sign this form when we bought 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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 need some quick conveyancing in Chislehurst as I am faced with an ultimatum to exchange contracts in less than 3 weeks. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at free not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Chislehurst the following are examples of issues that can show up and adversely affect future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Railway Schemes,...
It has been five months since my purchase conveyancing in Chislehurst took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £305k and found one near me in Chislehurst I like with a park and transport links nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Chislehurst suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. 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 current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
In my capacity as executor for the will of my grandfather I am selling a property in Monmouth but I am based in Chislehurst. My lawyer (approximately 250 kilometers awayneeds me to sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Chislehurst who can witness this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Chislehurst based
Why do Chislehurst conveyancing fees are higher for leasehold and freehold properties?
Leasehold conveyancing in Chislehurst will often involve additional work including reviewing the lease, liaising with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.