My husband and I are refinancing our apartment in Southmead with Nationwide. We have a son 19 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 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 questions (1) Is this document specific to the Nationwide 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 rights 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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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.

Is there a reason why leasehold purchase conveyancing in Southmead costs more?

In short, leasehold conveyancing in Southmead and Bristol usually involve additional due diligence compared to freehold conveyancing. This includes checking the lease terms, communicating with the landlord concerning the service of appropriate notices, obtaining current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.

Have completed on a a terraced house in Southmead , What is the estimated time for the Land Registry to record my ownership? My Southmead conveyancing solicitor has been very slow, so I want to check that my purchase is recorded.

As far as conveyancing in Southmead registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary according to who lodges the application, whether it is in order and if the Land registry must send notices to any third persons or bodies. At present approximately three quarters of such applications are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration occurs once the buyer is living at the premises thus registration formalities is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.

I am buying a new build apartment in Southmead. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Southmead

Please confirm the Lease plans are architect prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I am a sole trader looking to lease a unit on the high street. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in Southmead for below 1500k?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Southmead, including the sale and purchase of businesses as well as simply property. If you are intending to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right solicitor. Regarding the costs this will depend on the structure and complexity of the deal. Let us have your details or call so as to enable us to provide you with comprehensive commercial conveyancing quote.