My partner and I intend to remortgage our flat in Delabole with Aldermore. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two questions (1) Is this document specific to the Aldermore 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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 have recentlybecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Delabole for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Delabole conveyancing specialists.
How difficult is it to swap conveyancer as I have to retain one who is on the Nottingham Building Society conveyancing list. I hired a local conveyancing solicitor in Delabole five minutes from me but he is not approved by Nottingham Building Society
We will our best to assist in finding you a conveyancing solicitor in Delabole on the Nottingham Building Society panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Delabole. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Delabole.
My brother has urged me to use his conveyancers in Delabole. Should I use them?
There are no two ways about it the ideal way to find a conveyancing lawyer is to have referrals from friends or family who have used the conveyancer that you are are thinking of instructing.
Having had my offer accepted I require leasehold conveyancing in Delabole. Before diving in I would like to find out the remaining lease term.
If the lease is registered - and almost all are in Delabole - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a basement flat in Delabole, conveyancing having been completed in 1999. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Delabole with a long lease are worth £186,000. The ground rent is £55 levied per year. The lease expires on 21st October 2076
You have 52 years unexpired the likely cost is going to span between £29,500 and £34,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
Should I cancel the direct debit for my mortgage with Kent Reliance once a completion date for my home sale in Delabole has been agreed?
No, you should keep paying any mortgage payments to Kent Reliance pending the mortgage being redeemed out of the proceeds of sale as part of your Delabole conveyancing.