My wife and I are refinancing our penthouse in Belton with Coventry BS. We have a son approaching twenty who lives with us. Our solicitor requested us to identify 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 flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Coventry BS conveyancing panel as he did not need 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 Coventry BS 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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.

Various online forums that I have visited warn that are the primary cause of obstruction in Belton conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Belton.

Hoping to buy a property located in Belton and I am already nervous. I couldn't find anything specific about Belton. Conveyancing will be needed in due course but do you know about the Belton area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Belton. In the meantime here are some basic statistics that we found

Can you provide any top tips for leasehold conveyancing in Belton from the point of view of saving time on the sale process?

• Much of the frustration in leasehold conveyancing in Belton can be reduced where you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the buyers’ solicitors.
In the event that you altered the property did you need the Landlord’s permission? In particular have you installed wooden flooring? Most leases in Belton state that internal structural changes or laying down wooden flooring require a licence issued by the Landlord consenting to such changes. Where you dont have the approvals in place you should not contact the landlord without checking with your lawyer first. The majority of landlords or Management Companies in Belton charge for supplying management packs for a leasehold home. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Belton. A minority of Belton leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers.

Belton Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

How is the lease structured? If a Belton lease has no more than eighty years it will impact the salability of the property. Check with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will most likely require a lease extension sooner rather than later and it is worth discovering what this would cost. Remember, in most cases you will be be obliged to have owned the property for 24 months before you are eligible to extend the lease. Who manages the block?

My hope is to purchase a ground floor maisonette in Belton. Conveyancing solicitor is waiting for, from the vendor, building insurance paperwork. This afternoon I was advised that the owner must forward the insurance paperwork for the flat above in addition. Why does my property lawyer want to review the insurance for the other flat? Is it really necessary? We have been waiting for the previous month…

It is not impossible in leasehold conveyancing in Belton to find Conveyancing in Belton in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats as opposed to the freeholder insuring the entire premises - which is definitely better. Do check with your solicitor but it would appear that your lawyer is looking to verify that the whole building is insured. Insuring your flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance.