My fiance and I are refinancing our flat in Friern Barnet with . We have a son 18 who lives with us. 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, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your 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 . This is solely used to protect 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 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 planning to acquire a property and require a conveyancing solicitor in Friern Barnet who is on the solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for in certain locations such as Friern Barnet. We dont recommend any particular firm.
How can we know in advance if a Friern Barnet conveyancing solicitor on the panel is any good?
When it comes to conveyancing in Friern Barnet getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your conveyancing.
Last month we had a mortgage agreed in principle with . Friern Barnet conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from ?
There is no definitive answer here. Have conducted the survey? Have you informed as to your lawyers' details and checked that your lawyers are on the conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have today made my last payment due on my mortgage with . I assume I don't need a Friern Barnet on the panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the mortgage from the register. , and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where has sent the Land Registry the discharge electronically, and
- has instructed the Land Registry to do so
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who did the conveyancing in Friern Barnet 10 years ago no longer exist. What are my next steps?
In today’s world there are copies made of almost everything, and your lawyer should know precisely where to find all the appropriate documentation so you may purchase or sell your house without any difficulty. If copies can’t be located, your conveyancer may be able to put in place insurance or indemnities against future claims on your property.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Friern Barnet I like with a park and transport links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Friern Barnet in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.