My fiance and I swapping mortgage lender for our apartment in Millwall with Co-operative. We have a son approaching twenty who lives at home. 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 a couple of concerns (1) Is this form unique to the Co-operative conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) Does our son by signing this extinguish his rights 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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.
What is the optimum way to discover of the solicitor conducting my conveyancing in Millwall is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Chelsea Building Society thus paying £187.00 plus VAT in supplemental legal fees.
Please do take advantage of the search tool on this web page. Pick the lender and type ‘Millwall’ or your location and you will be presented with numerous solicitors located in Millwall or nearest you.
I have recentlydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Millwall for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest 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 Millwall conveyancing specialists.
I have been on the look out for a leasehold apartment up to £195,000 and found one near me in Millwall I like with a park and station nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Millwall in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage that many years will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you could 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 consult your conveyancing lawyer regarding this.
Hoping to buy a property located in Millwall and I am already nervous. I couldn't find anything specific about Millwall. Conveyancing will be needed in due course but do you know about the Millwall area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Millwall. In the meantime here are some basic statistics that we found
As co-executor for the estate of my uncle I am selling a house in Swansea but I am based in Millwall. My conveyancer (approximately 200 kilometers awayneeds me to sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing lawyer in Millwall who can witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Millwall based