My fiance and I changing mortgage lender for our apartment in Cheetham Hill with Yorkshire BS. We have a son 19 who lives with us. Our solicitor requested us to identify 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 flat is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Yorkshire BS conveyancing panel as he never had to sign this form when we purchased 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 Yorkshire BS. This is solely used to protect Yorkshire BS 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 Yorkshire BS 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.
We wanted to use a conveyancing solicitor in Cheetham Hill for our home move. Our financial adviser informed us that our mortgage company Godiva Mortgages Ltd won't deal with them. Why is this not regarded as unfair competition?
A bank will direct that an approved conveyancer act for it. Borrowers are liable to bear the charges for this. Try using our database to locate a solicitor to conduct conveyancing in Cheetham Hill on the Godiva Mortgages Ltd approved list of solicitors.
I am buying my first flat in Cheetham Hill with the aid of help to buy. The builders would not move on the price so I negotiated £7000 of additionals instead. The house builders rep told me not reveal to my solicitor about this extras as it will adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the will of my grandmother I am disposing of a house in Swansea but I am based in Cheetham Hill. My conveyancer (based 250 miles from mehas requested that I sign a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Cheetham Hill who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Cheetham Hill based
Having had my offer accepted I require leasehold conveyancing in Cheetham Hill. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and most are in Cheetham Hill - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a split level flat in Cheetham Hill, conveyancing formalities finalised 4 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Cheetham Hill with a long lease are worth £211,000. The ground rent is £50 levied per year. The lease ceases on 21st October 2093
With 68 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
We are in the process of acquiring a apartment in Cheetham Hill. Conveyancing is not yet done but we wish to keep our transaction price confidential from the likes of Rightmove. Is this possible and how?
HMLR by statute are bound to reveal price sold data on the official title for residential properties nationwide including premises in Cheetham Hill. The Title Register is a public document, so the Land Registry would be breaching their statutory duty excluded specific properties such as the one in Cheetham Hill.
You can ask the Land Registry to hide the amount paid data but the response would be in the negative.