My partner and I intend to remortgage our penthouse in Colindale with Aldermore. We have a son 19 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, giving up any rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this form unique to the Aldermore conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this compromise 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 Aldermore. This is solely used to protect Aldermore 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 Aldermore 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 am helping my sister sell her house in Colindale. Does the solicitor commission an energy performance certificate or should I organise this?
Following the abolition of HIPs, EPC’s was left as a compulsory component of moving property. An EPC must be commissioned prior to the property being marketed. This is not something that solicitors normally arrange. Where you are instructing a Colindale conveyancing lawyer they may help arrange energy assessments due to their contacts with long established Colindale providers
Two weeks ago we had a mortgage agreed in principle with TSB. Colindale conveyancing practitioners have been instructed. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB done the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Completion of my remortgage has taken place for my property in Colindale. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The conveyancers who dealt with the conveyancing in Colindale 5 years ago no longer exist. What are my options?
Gone are the days when you need to have the physical deeds to establish that you own the land or property, given that the Land Registry have everything they need in a digital format.
I have been on the look out for a flat up to £235,500 and found one round the corner in Colindale I like with a park and station nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Colindale for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I have been pointed in your direction by a couple of local selling agents in Colindale to find a solicitor using your seach tool. Is there a financial incentive for Estate Agents to recommend your lawyers ahead of a competitor’s?
We refuse to offer any referral fee for directing people to this site. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I am using a search engine for the words on line conveyancing in Colindale it shows results of many conveyancerslocally. With so much choice what is the best way to find the right conveyancing solicitor for me?
The preferential method of finding a suitable conveyancer is via personal recommendation, so ask friends and family who have purchased a property in Colindale or a local estate agent or financial adviser. Fees for conveyancing in Colindale vary, so it's advisable to request a minimum of four costs illustrations from varying types of conveyancers. Be sure to obtain confirmation that the fees are fixed.