My fiance and I swapping mortgage lender for our maisonette in Dorchester On Thames with Bank of Ireland. 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. 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 two questions (1) Is this document specific 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.
About to place an offer on a leasehold apartment in Dorchester On Thames. The selling agents advise that it is normal for flats in Dorchester On Thames to have less than 75 years remaining. I am getting a mortgage with Platform. Will the property be mortgageable given that the lease has 72 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 6/2/2019 the requirements read as follows :
Are there restrictive covenants that are commonly picked up during conveyancing in Dorchester On Thames?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Dorchester On Thames. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to instruct a conveyancing solicitor for leasehold conveyancing in Dorchester On Thames. I've discover a web site which looks to be the ideal solution If there is a chance to get all the legals completed via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Are you able to clarify the spectrum of conveyancing offered by Dorchester On Thames conveyancing firms?
For the most part Dorchester On Thames conveyancing organisations manage to offer a number of legal advice to residential and agricultural land proprietors, vendors, purchasers, freeholders and tenants helping outwith some of the following:
Private sale conveyancing in Dorchester On Thames and wider afield
Private residential purchase conveyancing in Dorchester On Thames and throughout England and Wales
Buying and selling at auction Joint ownership and cohabitation agreements Shared equity conveyancing nationally not isolated to Dorchester On Thames Bespoke or complex residential transactions including farms, estates, and company properties