My husband and I are refinancing our penthouse in Claydon with Santander. We have a son approaching twenty who lives with us. 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 property is repossessed. I have two concerns (1) Is this form unique to the Santander conveyancing panel as he did not need to sign this form when we purchased 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 Santander 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 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.
We wanted to use a property lawyer in Claydon for our home move. Our financial adviser has since advised us that our mortgage lenders Britannia won't deal with them. Why is this not regarded as unduly restrictive?
A bank can insist on an approved conveyancer act for it. You would be expected to bear the cost of this. Please make use of our database to select a solicitor to conduct conveyancing in Claydon on the Britannia approved list of solicitors.
The deeds to my home can not be found. The lawyers who dealt with the conveyancing in Claydon 5 years ago no longer exist. What are my next steps?
You no longer need to have the physical official documentation to establish that you are the registered proprietor of land or property, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Claydon differ for new build properties?
Most buyers of new build residence in Claydon approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Claydon usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Claydon or who has acted in the same development.
My husband and I are 3 weeks into a freehold purchase having been referred to conveyancers by the local agent to do our conveyancing in Claydon. I am am extremely dissatisfied with the level of service. Can you help me find new solicitors?
A lawyer would have to be very bad to suggest changing them. Has your mortgage been issued? In the event that it has you must make them aware of the replacement solicitor and get the offer are re-sent. The conveyancer needs to be on the mortgage company panel to avoid supplemental expenses and delays. So that should be your first question of the new conveyancers. The search tool should help you find a bank approved lawyer for your home move in Claydon
I have just started marketing my ground floor apartment in Claydon. Conveyancing lawyers have not yet been instructed, however I have just had a half-yearly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as usual given that all ground rent and service charges will be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I invested in buying a 1 bedroom flat in Claydon, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Claydon with a long lease are worth £191,000. The ground rent is £55 invoiced annually. The lease ends on 21st October 2079
With only 53 years remaining on your lease the likely cost is going to range between £27,600 and £31,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.