My fiance and I swapping mortgage lender for our penthouse in West Kensington with Clydesdale. 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. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is repossessed. I have two questions (1) Is this form unique to the Clydesdale conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his entitlement 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 Clydesdale. This is solely used to protect Clydesdale 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 Clydesdale 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.
My wife and I have recently appointed a conveyancing solicitor in West Kensington. I need to find out whether they are on the Alliance & Leicester conveyancing panel. Can you help?
You should phone your lawyer and enquire if they can act for the bank. Otherwise you should call Alliance & Leicester who may be able to help.
Just had an offer accepted on a new build apartment in West Kensington. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in West Kensington
There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
What makes your site different to other web based conveyancing solicitors when it comes to conveyancing in West Kensington?
At this site secure a fixed fee quote via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in West Kensington. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you choose them for your conveyancing in West Kensington
Can you offer any advice when it comes to finding a West Kensington conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a West Kensington conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with two or three firms including non West Kensington conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
Can they put you in touch with clients in West Kensington who can give a testimonial? How many lease extensions has the firm carried out in West Kensington in the last year?
After months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in West Kensington. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a West Kensington conveyancing firm who can help.
An example of a Lease Extension case for a West Kensington residence is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case related to 1 flat. The unexpired term as at the valuation date was 37.79 years.