My fiance and I changing mortgage lender for our flat in Clifton with Bank of Ireland. 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. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this form unique to the Bank of Ireland conveyancing panel as he never had to sign this form when we bought 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 Bank of Ireland 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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.
What can a local search tell me concerning the house we're buying in Clifton?
Clifton conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Xpress Legal The local search plays a central role in many a Clifton conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I am purchasing a new build house in Clifton with a loan from Barclays Direct. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not to tell my lawyer about this deal as it would put at risk my mortgage with Barclays Direct. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am selling my house. My former conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Clifton if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Clifton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I am in need of some leasehold conveyancing in Clifton. Before I get started I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Clifton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Clifton Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying
Generally speaking the outlay for major works tend not to be incorporated into the maintenance charges, although there some managing agents in Clifton obliged tenants to contribute towards a reserve fund created for the specific intention of establishing a fund for larger repairs or maintenance. Please note that where the lease has fewer than 80 years it will affect the value of the apartment. Check with your mortgage company that they are happy with the length of the lease. A short lease means that you will probably have to extend the lease at some point and it is worth discovering what this would cost. For most Cliftonlease extensions you would need to own the residence for 24 months in order to be entitled to exercise a lease extension. What prohibitions exist in the Clifton Lease?