My fiance and I swapping mortgage lender for our maisonette in Saundersfoot with Barclays. We have a son approaching twenty who lives with us. 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 apartment is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Barclays 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?
First, rest assured that your Barclays 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 Barclays. This is solely used to protect Barclays 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 Barclays 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 am the registered owner of a freehold property in Saundersfoot but still charged rent, why is this and what is this?
It’s unusual for properties in Saundersfoot and has limited impact for conveyancing in Saundersfoot but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I am due to move house in September. Does my conveyancing solicitor update the removal company on the day of completion. As an aside, can you suggest a removal company in Saundersfoot. Conveyancing firm was found prior to coming across this website.
On the day of completion you can pick up the keys from your estate agent but this can only happen after the sellers lawyers advise the agent that the monies to complete are in and the keys can be released. After that you should inform the removal men that they can start moving you in. We are not in a position to recommend a particular removal company but can help you choose a conveyancing in Saundersfoot or a firm that specialises in conveyancing in Saundersfoot.
I am purchasing a terrace house in Saundersfoot. The intention is to carry out an extension to the side at the property.Will legal work on the property include enquiries to determine if these works are allowed?
Your conveyancer will review the deeds as conveyancing in Saundersfoot will sometimes identify restrictions in the title documents which prevent categories of changes or need the consent of another owner. Some works require local authority planning consent and approval in accordance building regulations. Many locations 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.
I have been told by my lawyer that lack of building regulations insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Saundersfoot?
The right level of lack of building regulations indemnity insurance should be dictated by who your lender. It would differ for example between National Westminster Bank and The Mortgage Works. Conveyancing practitioners as opposed to members of the public take out such insurances.
4 months have elapsed following my purchase conveyancing in Saundersfoot completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Saundersfoot is where the house is located. Can you shed any light on this issue?
Flying freeholds in Saundersfoot are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Saundersfoot you would need to get your solicitor to go 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 Saundersfoot may decide 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 residence.
How much experience do your Saundersfoot conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Saundersfoot conveyancing lawyers help thousands of people move home every year and helped lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Saundersfoot conveyancers have worked on recent similar matters.