My wife and I are refinancing our apartment in Kings Langley with Skipton. 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, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Skipton conveyancing panel as he never had 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?
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.
My house in Kings Langley is up for sale and I have accepted an offer. Will my conveyancer need to be on the Barclays conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial site in Kings Langley?
Many commercial conveyancing solicitors in Kings Langley will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Kings Langley. The search result provides 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 Kings Langley.
For each commercial conveyancing transaction in Kings Langley it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Kings Langley commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Kings Langley.
The deeds to our home can not be found. The conveyancers who did the conveyancing in Kings Langley 5 years ago no longer exist. What are my next steps?
Gone are the days when you need to have the physical deeds to establish that you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
I opted to have a survey done on a property in Kings Langley before appointing solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will not issue a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kings Langley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kings Langley to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for remortgage conveyancing in Kings Langley. I happened to chance upon a web site which seems to have the ideal answer If it is possible to get all formalities completed via email that would be ideal. Should I be concerned? What are the potential pitfalls?
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?