My husband and I are refinancing our flat in Brown Edge with Nottingham. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults 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 apartment is repossessed. I have two questions (1) Is this form unique to the Nottingham conveyancing panel as he never had to sign this form when we bought 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 Nottingham 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 Nottingham. This is solely used to protect Nottingham 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 Nottingham 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.
In what way does my ID and proof of funds have anything to do with my conveyancing in Brown Edge? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Brown Edge. However these days you will not be able to proceed with any conveyancing process in the absence supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Please note that if you are supplying your driving licence as proof of ID it must be both the paper section as well as the photo card part, one is not satisfactory without the other.
Verification of your origin of funds is necessary under Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer must have this information on file. Your Brown Edge conveyancing practitioner will require evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further queries regarding the source of monies.
2 months have gone by since my purchase conveyancing in Brown Edge completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 residence 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 decided to have a survey carried out on a house in Brown Edge before instructing conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend refuse to grant a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to telephone us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brown Edge. Conveyancing will be smoother if you use a solicitor in Brown Edge especially if they regularly deal with such properties in Brown Edge.
My company is planning to take over a lease of a shop on a shopping parade. Can you recommend conveyancers offering competitive charges for commercial conveyancing in Brown Edge for below £2000?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Brown Edge, including the sale and acquisition of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or email so as to enable us to provide you with comprehensive commercial conveyancing calculation.
Me and mypartner and I are in the market for an affordable conveyancing lawyer in Brown Edge to buy a house. I really don't want to get ripped off but with so many Brown Edge conveyancing firms out there...how do I know which one is best to select?
To fee estimates for your move via conveyancing firms that offers services in Brown Edge please make the most of our quote tool.