My partner and I intend to remortgage our maisonette in Crofton Park with Skipton. We have a son 19 who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two questions (1) Is this document specific to the Skipton conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Skipton 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 Skipton. This is solely used to protect Skipton 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 Skipton 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.
Completed the sale of my flat in Crofton Park last September but my buyer keeps e-mailing every few hours to moan that her lawyer needs to hear from mine. What should have happened now that I have sold?
Post completion of your house sale your solicitor should forward the transfer deeds and all supplemental paperwork to the purchaser's lawyers. If applicable, your solicitor should also evidence that the home loan has been paid off to the buyers solicitors. There is unlikely to be post completion steps specific conveyancing in Crofton Park.
Are there restrictive covenants that are commonly identified as part of conveyancing in Crofton Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Crofton Park. 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…’
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, chain free conveyancing. Crofton Park is the location of the property. What do you suggest?
Flying freeholds in Crofton Park are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Crofton Park you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crofton Park may decide 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 residence.
What does commercial conveyancing in Crofton Park cover?
Commercial conveyancing in Crofton Park covers a wide array of guidance, provided by regulated 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 commonly, the assignment 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 mortgages and the termination of leases.
Should I cancel the direct debit for my mortgage with Clydesdale as soon as a completion date for my sale in Crofton Park has been agreed?
No, you should maintain paying any mortgage payments to Clydesdale until the mortgage is discharged on completion as part of your Crofton Park conveyancing.