My husband and I are refinancing our maisonette in Wooburn Green with Bank of Ireland. We have a son approaching twenty who lives at home. 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, giving up any rights in the event that the apartment is repossessed. I have two questions (1) Is this document specific to the Bank of Ireland conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Bank of Ireland 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 Bank of Ireland. This is solely used to protect Bank of Ireland 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 Bank of Ireland 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 search tool that I can use to discover of the solicitor conducting my conveyancing in Wooburn Green is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Norwich and Peterborough Building Society thus paying £175.00 in another set of conveyancing bill.
You should take advantage of the find a conveyancing panel solicitor tool on this page. Please choose the mortgage company and type ‘Wooburn Green’ or your location and you will see numerous solicitors offices in Wooburn Green or near you.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Wooburn Green is the location of the property. Can you offer any assistance?
Flying freeholds in Wooburn Green are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wooburn Green you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wooburn Green 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.
In what way can the Landlord & Tenant Act 1954 impact my business premises in Wooburn Green and how can your lawyers assist?
The 1954 Act gives a safeguard to business lessees, giving them the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Wooburn Green is one of our many areas of the UK in which our lawyers are located
Am I best advised to instruct a Wooburn Green conveyancing solicitor who is local to the property I am buying? I have an old university friend who can perform the conveyancing but her office is 200miles away.
The primary upside of using a local Wooburn Green conveyancing practice is that you can pop in to execute documents, hand in your ID and pester them if necessary. Having local Wooburn Green know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and they were happy that must surpass using an unfamiliar Wooburn Green conveyancing solicitor just because they are Wooburn Green based.