A mortgage agreement from Nationwide for the refinancing of my 4 bedroom garden flat is coming imminently. Are you able to suggest a low cost conveyancing law firm in Alnmouth?
You have come to the wrong place to search for the lowest fares for conveyancing solicitors in Alnmouth. We can offer you value for money conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint organisations seducing you with low cost conveyancing in Alnmouth. The optimum result, in choosing a lawyer for low cost conveyancing, you will end up with what you pay for and at worst it will result in you being stung for additional fees and still not get the service you were looking for.
My fiance and I intend to remortgage our apartment in Alnmouth with Bank of Ireland. We have a son 18 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. 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 concerns (1) Is this document specific to the Bank of Ireland conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right 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 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.
I own a freehold property in Alnmouth yet pay rent, why is this and what is this?
It’s unusual for properties in Alnmouth and has limited impact for conveyancing in Alnmouth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
We are downsizing from our house in Alnmouth and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A high street Alnmouth lawyer would know this is not the case. It does beg the question why the buyers are using a national conveyancing practice as opposed to a conveyancing solicitor in Alnmouth. We have lived in Alnmouth for three years we know of no issue. Do we contact our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You should 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 life insurance to cover that same sickness)
I used Action Conveyancing a few years ago for my conveyancing in Alnmouth. Now, I need my documents however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Alnmouth of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one close by in Alnmouth I like with a park and railway links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Alnmouth suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.