My husband and I are refinancing our apartment in Lechlade with TSB. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this document specific to the TSB conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your TSB 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 TSB. This is solely used to protect TSB 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 TSB 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 wife and I purchasing a 3 bedroom semi in Lechlade. We would like to convert the garage to an office at the house.Will legal conveyancing on the property include enquiries to determine if these alterations are permitted?
Your conveyancer will check the deeds as conveyancing in Lechlade will on occasion reveal restrictions in the title deeds which prevent certain changes or require the consent of another owner. Some extensions call for local authority planning consent and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be wise to check these issues with a surveyor prior to committing yourself to a purchase.
I am purchasing a property in Lechlade. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As you are obtaining a mortgage with Virgin Money your lawyer must follow the conveyancing requirements set out in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Virgin Money where a lease does not meet these requirements. The requirements relate to the installation of panels on properties countrywide and is not limited to Lechlade.
About to purchase maisonette in Lechlade. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Lechlade property lawyer is on the Santander conveyancing panel.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who did the conveyancing in Lechlade 5 years ago no longer exist. What are my next steps?
Gone are the days when you need to have the physical deeds to evidence that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Lechlade I like with amenity areas and transport links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Lechlade suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
In my capacity as executor for the estate of my father I am disposing of a residence in Newport but I am based in Lechlade. My solicitor (approximately 235 kilometers awayrequires that I execute a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Lechlade who can attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in Lechlade
Why do I have to supply my property lawyer with numerous items of identification before I can proceed with selling or buying a property in Lechlade?
Lechlade conveyancing practitioners are required by the Law Society, SRA, HM Land Registry and current AML legislation to certify that the have verified the identity of their clients. It will also be a condition of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and date of birth.