My wife and I intend to remortgage our penthouse in Perivale with TSB. We have a son 18 who lives with us. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. 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 remortgaged 4 years ago (2) Does our son by signing this giving up his entitlement 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 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.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when purchasing a residence in Perivale? or I am told that there is historic law that means some house owners residing in a parish church boundary may be liable to pay for repairs towards the chancel in proximity to the church. Is this suitable for conveyancing in Perivale?
Unless a prior acquisition of the property completed after 12 October 2013 you may take it that conveyancing practitioners delivering conveyancing in Perivale to continue to suggest a chancel search and or chancel repair liability insurance.
Just acquired a detached house in Perivale , What is the estimated time for the Land Registry to record my proprietorship? My Perivale conveyancing solicitor works at snail pace, so I want to be certain the registration is concluded.
As far as conveyancing in Perivale registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether there are errors and if the Land registry have to notify any third parties. At present approximately 80% of such applications are completed within 12 days but occasionally there can be longer hold-ups. Registration occurs after the purchaser has moved in to the premises so post completion formalities is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.
How does conveyancing in Perivale differ for new build properties?
Most buyers of new build residence in Perivale contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Perivale tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Perivale or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Perivale in advance of retaining conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some banks will refuse to give a mortgage on a flying freehold property.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Perivale. Conveyancing will be smoother if you use a solicitor in Perivale especially if they are accustomed to such properties in Perivale.
How can the Landlord & Tenant Act 1954 impact my commercial premises in Perivale and how can you help?
The 1954 Act provides protection to commercial leaseholders, granting the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Perivale