My fiance and I are refinancing our apartment in Shirehampton with Skipton. We have a son 19 who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form 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 document specific to the Skipton conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your Skipton 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 Skipton. This is solely used to protect Skipton 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 Skipton 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.
How does conveyancing in Shirehampton differ for newly converted properties?
Most buyers of new build property in Shirehampton approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Shirehampton tend to acquire the land, 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 property lawyers 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 accustomed to new build conveyancing in Shirehampton or who has acted in the same development.
What tools are available to search for a Shirehampton solicitor on the Clydesdale conveyancing panel? I have wheels and am prepared to travel upto 20miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please select a bank and your location and you will see a number of Shirehampton conveyancing lawyers locally. We have listed some Shirehampton conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Clydesdale approved list
As co-executor for the will of my grandfather I am disposing of a house in Swansea but reside in Shirehampton. My lawyer (approximately 260 miles awayneeds me to execute a statutory declaration before completion. Could you suggest a conveyancing practitioner in Shirehampton who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Shirehampton
Having had my offer accepted I require leasehold conveyancing in Shirehampton. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
If the lease is registered - and almost all are in Shirehampton - 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.
Shirehampton Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
Its a good idea to discover as much as possible about the company managing the block as they will either make your living at the property much easier or uncomfortable. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to daily issues like the tidiness of the common parts. Enquire of other people what they think of their management. On a final note, investigate as to the dates that you are obliged pay the service charge to the relevant party and precisely what it includes. You should be aware if it is less than eighty years it will affect the value of the flat. It is worth checking with your bank that they are willing to to proceed given the lease term. A short lease means that you will almost definitely need a lease extension sooner rather than later and it is worth finding out how much this would cost. Remember, in most cases you would need to own the premises for two years before you are legally able to carry out a lease extension. The answer will be helpful as a) areas may cause problems in the block as the communal areas may start to deteriorate if repairs are not paid for b) if the leaseholders have an issue with the managing agents you will wish to know about it