My husband and I are refinancing our penthouse in Colne with TSB. We have a son approaching twenty 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 a couple of questions (1) Is this document specific to the TSB conveyancing panel as he did not need to sign this form when we bought 5 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 TSB. This is solely used to protect TSB 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 TSB 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.
Can your site be used to recommend a Conveyancing solicitor in Colne even where I’m not purchasing or disposing of a house, for example if I want to acquire an office in Colne with a loan from HSBC Bank?
Our comparison service is mainly used to find residential conveyancing solicitors in Colne but we have recorded at the end of this page a selection of Colne commercial conveyancing firms. You will need to speak with the firm directly to check if they can also act for HSBC Bank
I am buying a semi-detached house in Colne. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Colne you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Colne.
When it comes to mortgage companies such as Skipton, do Colne property lawyers face a fee to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I had a mortgage agreed in principle with Kent Reliance. Colne conveyancing lawyers have been selected. How long does it take for Kent Reliance to issue the offer to the solicitor?
There is no definitive answer here. Have Kent Reliance completed the survey? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Colne. A rare aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Co-operative your lawyer must check the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook sets out minimum conditions for solar panel roof-space leases, and solicitors are required to report to Co-operative where a lease does not comply with these provisions. The provisions relate to the installation of panels on properties nationwide and is not limited to Colne.
I used Arc property Solicitors a few years past for my conveyancing in Colne. I now require my papers however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Colne of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Completion is due on the sale of our £150,000 garden flat in Colne next week. The management company has quoted £348 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Colne?
Colne conveyancing on leasehold apartments typically necessitates administration charges invoiced by managing agents :
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Addressing pre-exchange enquiries
Where consent is required before sale in Colne
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I bought a 1 bedroom flat in Colne, conveyancing formalities finalised April 2010. How much will my lease extension cost? Similar properties in Colne with over 90 years remaining are worth £170,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2103
With 78 years unexpired the likely cost is going to be between £7,600 and £8,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.