My wife and I intend to remortgage our maisonette in Eaglescliffe with Clydesdale. We have a son 19 who lives with us. Our solicitor requested us to identify 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 repossessed. I have two questions (1) Is this form unique to the Clydesdale conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your Clydesdale 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 Clydesdale. This is solely used to protect Clydesdale 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 Clydesdale 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.
My Solicitor in Eaglescliffe is not listed on the Bank of Ireland Approved Panel. Is it possible for me to retain my family solicitor notwithstanding that they are excluded from the Bank of Ireland panel?
Your options are as follows:
- Carry on with your preferred Eaglescliffe lawyers but Bank of Ireland will need to retain a conveyancer on their list of acceptable firms. This will inevitably rack up the overall legal charges and cause delays.
- Find an alternative practitioner to act in the purchase, not forgetting to check they are on the Bank of Ireland panel
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Eaglescliffe is where the house is located. What do you suggest?
Flying freeholds in Eaglescliffe are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Eaglescliffe you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eaglescliffe 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 residence.
I need to appoint a conveyancing solicitor for freehold conveyancing in Eaglescliffe. I have stumble upon a site which seems to have the perfect offering If there is a chance to get all this stuff completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Due to exchange soon on a studio apartment in Eaglescliffe. Conveyancing lawyers have said that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Eaglescliffe should include some of the following:
What options are available to the landlord where you have breached the provisions of the lease? Repair and maintenance of the property You must be informed what counts as a Nuisance as far as the lease is concerned Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Whether the lease restricts you from renting out the flat, or having a home office for business
I acquired a leasehold flat in Eaglescliffe, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Eaglescliffe with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ceases on 21st October 2089
With just 67 years remaining on your lease we estimate the premium for your lease extension to be between £10,500 and £12,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
How up-to-date is your search tool for the lender conveyancing panel in Eaglescliffe? Do the banks send you an updated list?
Eaglescliffe firms and firms carrying out conveyancing in Eaglescliffe themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the mortgage company directly.