My wife and I are refinancing our maisonette in Alvaston with Co-operative. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this document specific to the Co-operative conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this extinguish 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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 considering applying for a Nationwide mortgage for purchase of a newly converted (under development) in Alvaston with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?
In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
In my capacity as executor for the estate of my grandfather I am disposing of a house in Neath but reside in Alvaston. My conveyancer (who is 300 kilometers from mehas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Alvaston to attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are located in Alvaston
We expect to complete the sale of our £350,000 flat in Alvaston next week. The freeholder has quoted £408 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Alvaston?
Alvaston conveyancing on leasehold maisonettes more often than not requires the purchaser’s lawyer submitting enquiries for the landlord to address. Although the landlord is not legally bound to answer these enquiries most will be content to assist. They are entitled to charge a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is over three hundred pounds, in some transactions it is above £800. The management information fee demanded by the landlord must be sent together with a synopsis of rights and obligations in relation to administration fees, without which the invoice is not strictly payable. Reality however dictates that you have no option but to pay whatever is demanded if you want to complete the sale of your home.
I invested in buying a split level flat in Alvaston, conveyancing was carried out in 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Alvaston with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease runs out on 21st October 2086
With just 62 years unexpired we estimate the price of your lease extension to range between £17,100 and £19,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
What type of property do your Alvaston conveyancing quotes relate to?
Our conveyancing quotes are only applicable to standard residential homes in England & Wales. Should you have any different needs for example industrial or agricultural land or commercial conveyancing in Alvaston please telephone us to address your requirements .