My wife and I changing mortgage lender for our penthouse in Rochford with Lloyds. We have a son 18 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Lloyds conveyancing panel as he never had to sign this form when we remortgaged 4 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 Lloyds 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 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.
My stepmother advised me that in buying a property in Rochford there may be a number of restrictions preventing external alterations to the property. Is this right?
We are aware of a number of properties in Rochford which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Rochford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I purchasing a detached bungalow in Rochford. We would like to an extension at the rear at the property.Will legal work on the property include enquiries to determine if these works are prohibited?
Your solicitor should check the deeds as conveyancing in Rochford can occasionally reveal restrictions in the title documents which restrict categories of changes or require the permission of another owner. Certain extensions need local authority planning permissions and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Rochford bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Rochford conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the solicitor is on the lender approved list, she or he must follow the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am buying a new build flat in Rochford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Rochford
-
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
I am downsizing from my house. My past solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Rochford if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Rochford. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to retain a conveyancing solicitor for remortgage conveyancing in Rochford. I have stumble upon a site which seems to have the perfect solution If there is a chance to get all the legals completed via web that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Planning to exchange soon on a basement flat in Rochford. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Rochford should include some of the following:
-
Are you allowed to have a pet in the flat? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Who has the liability to repair and maintain the building. It is important for you to know which party is duty bound to repair and maintenance of every part of the building Rent payments - how much and when you need to pay, and also know whether this will change in the future The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
Leasehold Conveyancing in Rochford - A selection of Queries before Purchasing
-
Who are the managing agents? The answer will be important as a) areas could cause problems for the block as the common areas may start to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the running of the building you will wish to have full disclosure Plenty Rochford leasehold flats will incur a service charge for the upkeep of the block set on behalf of the landlord. Should you acquire the property you will have to meet this contribution, usually quarterly accross the year. This could differ from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a ground rent for you to pay yearly, normally this is not a large figure, say approximately £25-£75 but you need to enquire it because sometimes it can be many hundreds of pounds.