My fiance and I intend to remortgage our flat in Putney Heath with HSBC. 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 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 concerns (1) Is this document specific to the HSBC conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your HSBC 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 HSBC. This is solely used to protect HSBC 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 HSBC 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 are selling our house in Putney Heath and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A high street Putney Heath conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a nationwide conveyancing outfit rather than a conveyancing solicitor in Putney Heath. Having lived in Putney Heath for 4 years we know that this is a non issue. Do we contact our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Putney Heath is where the house is located. Can you offer any opinion?
Flying freeholds in Putney Heath are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Putney Heath you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Putney Heath may decide 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.
My company is planning to lease a unit on the high street. Can you recommend conveyancers offering no-move-no fees for non-domestic conveyancing in Putney Heath for below £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Putney Heath, including the disposal and acquisition of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. Regarding the fees this will depend on the structure and nuances of the deal. Let us have your details or phone us so that we may supply you with a fixed commercial conveyancing quote.
My father-in-law has urged me to use his conveyancers in Putney Heath. Should I use them?
Much as we are happy to recommend a Putney Heath conveyancing lawyer the ideal way to choose a conveyancing practitioner is to seek referrals from friends or family who have actually previously instructed the firm you're considering.