My wife and I intend to remortgage our apartment in Belvedere with Santander. We have a son 19 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is repossessed. I have two questions (1) Is this document specific to the Santander conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this giving up 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 Santander. This is solely used to protect Santander 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 Santander 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.
What is the optimum way to check that the solicitor carrying out my conveyancing in Belvedere is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus spending £187.00 plus VAT in additional conveyancing costs.
You should make the most of the search tool on this site. Please choose the lender and type ‘Belvedere’ or your preferred area and you will see a number of lawyer based in Belvedere or near you.
3 months have elapsed since my purchase conveyancing in Belvedere completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Belvedere. Conveyancing is daunting 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 legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Belvedere
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Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the input of my in-laws I had a survey completed on a property in Belvedere in advance of instructing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend not issue a loan on this type of house.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Belvedere. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Belvedere to see if the conveyancing will be more expensive.
I am using a search engine for the phrase on line conveyancing in Belvedere it brings up many property lawyerslocally. With so much choice what is the best way to find the right conveyancer for me?
The ideal way of finding a suitable conveyancer is via personal testimonial, so seek the opinion of colleagues and relatives who have bought a property in Belvedere or a reputable estate agent or financial adviser. Charges for conveyancing in Belvedere vary, so it's sensible to secure at least three fee estimates from different companies. Make sure that you clarify that the fees are fixed.