My fiance and I changing mortgage lender for our flat in Peasedown St John with Kent Reliance. We have a son 18 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 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 Kent Reliance conveyancing panel as he did not need to sign this form when we remortgaged 3 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 Kent Reliance 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 Kent Reliance. This is solely used to protect Kent Reliance 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 Kent Reliance 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.
Forgive me if this question is silly but I am wet behind the ears as a 1st time buyer of a two bedroom flat in Peasedown St John. Do I collect the keys to the house on completion from my solicitor? If so, I will instruct a local conveyancing solicitor in Peasedown St John?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the seller's lawyers, and once they have received this, you will be able to receive the keys from the Estate Agents and start moving into the property. Usually this happens early afternoon.
I am being advised by my solicitor that defective lease insurance is needed on my purchase. What is the level of cover for Peasedown St John conveyancing?
The appropriate level of defective lease indemnity insurance should be dictated by who your lender. It would differ for example between HSBC Bank and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such policies.
My wife and I are in the throws of looking at houses in Peasedown St John and I am now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with HSBC.
It would be advisable to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are getting a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
I opted to have a survey done on a house in Peasedown St John ahead of retaining lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders may refuse to give a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Peasedown St John. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Peasedown St John to see if the conveyancing costs will increase in light of this.
In what way can the Landlord & Tenant Act 1954 impact my commercial offices in Peasedown St John and how can you help?
The 1954 Act affords security of tenure to business leaseholders, giving them the a statutory right to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Peasedown St John
My brother has suggested that I appoint his conveyancing solicitors in Peasedown St John. Should I find my own property lawyer?
There are no two ways about it it’s preferable to choose a conveyancing solicitor is to have feedback from friends or relatives who have previously instructed the conveyancer that you are considering.
What is the reason for new build conveyancing in Peasedown St John being more expensive?
Conveyancing in Peasedown St John for newly converted or new build homes often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as further questions and contractual considerations.