My husband and I intend to remortgage our flat in Lingfield with Lloyds. We have a son approaching twenty 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, waiving any legal rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this form unique to the Lloyds conveyancing panel as he did not need to sign this form when we purchased 3 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 Lloyds. This is solely used to protect Lloyds 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 Lloyds 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.
We are close to exchanging contracts on the sale of our home in Lingfield and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed a national conveyancing practice rather than a conveyancing solicitor in Lingfield. Having lived in Lingfield for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Lingfield?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Lingfield. 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…’
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Lingfield is the location of the property. Is there any guidance you can impart?
Flying freeholds in Lingfield are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lingfield you must be sure that your lawyer goes 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 Lingfield may ascertain 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 property.
I am a sole trader intending to lease a unit on the high street. Can you recommend conveyancers offering fixed costs for commercial conveyancing in Lingfield for below 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Lingfield, including the disposal and purchase of businesses as well as simply premises. If you are looking to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. As for the fees this will depend on the structure and heads of terms of the deal. Let us have your details or telephone so as to enable us to provide you with comprehensive commercial conveyancing quote.
Been searching for a property lawyer for freehold sale conveyancing in Lingfield. I'm selling, simple no mortgage to redeem, no hurry, no onward chain. Received a quote from a lawyer for a thousand pounds including VAT which is a tad expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Lingfield?
As it’s a sale only, 475 + VAT would be about the best for a Lingfield solicitor firm.