My husband and I intend to remortgage our flat in Flitwick with Yorkshire BS. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form 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 questions (1) Is this document specific to the Yorkshire BS conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) In signing this form is our son in any way compromising his right 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 Yorkshire BS. This is solely used to protect Yorkshire 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 Yorkshire 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.
Will commercial conveyancing searches disclose planned roadworks that could impact a commercial property in Flitwick?
Many commercial conveyancing solicitors in Flitwick will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Flitwick. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Flitwick.
For each commercial conveyancing transaction in Flitwick it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Flitwick commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Flitwick.
How does conveyancing in Flitwick differ for newly converted properties?
Most buyers of new build or newly converted property in Flitwick come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Flitwick typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Flitwick or who has acted in the same development.
In what way does the Landlord & Tenant Act 1954 affect my business premises in Flitwick and how can you help?
The 1954 Act provides a safeguard to commercial tenants, granting the a statutory right to apply to court for a renewal tenancy and continue in occupation when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Flitwick
My partner has recommend that I appoint his conveyancing solicitors in Flitwick. Do I follow his recommendation?
Much as we are happy to recommend a Flitwick conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to have guidance from friends or relatives who have previously instructed the solicitor you're are thinking of instructing.