My fiance and I intend to remortgage our maisonette in Burnt Oak with Barclays. We have a son 19 who lives at home. 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, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Barclays conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his rights 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.
We just had an offer accepted to purchase with Earl Shilton BS. I went into a few high street companies but cant to find a Burnt Oak conveyancing firm on the Earl Shilton BS panel. Please you help?
Feel free to make the most of the search tool on this page. Please choose the lender and type Burnt Oak or your location and you will see numerous conveyancers offices in Burnt Oak or by proximity to you.
Me and my brother own a 4 bedroom Georgian house in Burnt Oak. Conveyancing solicitor acted for me and Santander. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burnt Oak and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing lawyer who conducted the work.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Burnt Oak is the location of the property. Can you offer any opinion?
Flying freeholds in Burnt Oak are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burnt Oak you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnt Oak may ascertain 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 premises.
Should I choose a Burnt Oak conveyancing solicitor based in the vicinity that I am buying? We have a good friend who can execute the legal formalities but his firm is located over three hundred miles away.
The primary upside of using a local Burnt Oak conveyancing firm is that you can pop in to sign documents, present your ID and pester them if necessary. Having local Burnt Oak know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were happy that should surpass using an unknown Burnt Oak conveyancing solicitor solely due to them being round the corner.