My fiance and I intend to remortgage our flat in Bethnal Green with Clydesdale. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this document specific to the Clydesdale 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 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.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel lawyer as I would prefer to instruct a specialised conveyancing solicitor in Bethnal Green?
Do check but the chances are that give you one of their panel conveyancers if you accept the "fee-free" incentive. Contact the lender to ask if they make available a cash alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Bethnal Green.
I understand that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when acquiring a property in Bethnal Green? or I am told that there is historic law that means some owners of property living in a parish church boundary may be liable to contribute towards maintenance to the chancel in proximity to the church. Is this applicable for conveyancing in Bethnal Green?
Unless a previous purchase of the premises took place post 12 October 2013 you could expect conveyancing practitioners delivering conveyancing in Bethnal Green to remain recommending a chancel search and or insurance against a claim.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Bethnal Green is the location of the property. Is there any guidance you can give?
Flying freeholds in Bethnal Green are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bethnal Green you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bethnal Green may ascertain 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 property.
What tools are available to identify a Bethnal Green solicitor on the The Royal Bank of Scotland conveyancing panel? I am a keen cyclist and am prepared to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please select a mortgage company and your location and you will see a number of Bethnal Green conveyancing lawyers locally. We have listed some Bethnal Green conveyancing firms towards the end of this page and you can call them to verify if they are on the The Royal Bank of Scotland panel
Partway through the sale of a leasehold flat in Bethnal Green. Conveyancing lawyers are doing their job but we have been asked to pay an extortionate amount from the managing agents. To date we have paid £225 for a leasehold management information and then another £134.40 for answers to questions supplied by the buyers conveyancing practitioner.
Your conveyancing practitioner will unlikely have any say over the level of the fee for this information however the typical fee for the information for Bethnal Green leasehold premises is £360. For Bethnal Green conveyancing transactions it is customary for the seller to pay for these charges. The freeholder or their agents are not duty bound to address these questions most will be willing to do so - albeit often at high prices disproportionate to the work involved. Unfortunately there is no law that mandates set charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.