My fiance and I changing mortgage lender for our apartment in Hampden Pk with Nationwide. We have a son 18 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 repossessed. I have two questions (1) Is this form unique to the Nationwide conveyancing panel as he never had to sign this form when we purchased 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 Nationwide. This is solely used to protect Nationwide 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 Nationwide 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.
four months have gone by since my purchase conveyancing in Hampden Pk concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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.
How does conveyancing in Hampden Pk differ for newly converted properties?
Most buyers of new build property in Hampden Pk approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Hampden Pk usually purchase 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 accustomed to new build conveyancing in Hampden Pk or who has acted in the same development.
We are one month into a leasehold purchase having been referred to conveyancers by the high street agent to perform conveyancing in Hampden Pk. I am am starting to be frustrated with the quality of service. Can you you assist me in finding new lawyers?
They would have to be very bad to suggest changing them. Has your loan offer been sent? In the event that it has you need to advise them of the new solicitor and have the offer are issued to the new lawyers. Your conveyancer should be on the mortgage company approved list to avoid supplemental costs and frustration. So that should be your first question of the new solicitors. Our search tool will assist you in finding a lender approved conveyancer for your conveyancing in Hampden Pk
Having had my offer accepted I require leasehold conveyancing in Hampden Pk. Before I get started I require certainty as to the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Hampden Pk - then the leasehold title will always include the short particulars 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 inherited a 1st floor flat in Hampden Pk, conveyancing having been completed September 2011. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Hampden Pk with over 90 years remaining are worth £202,000. The ground rent is £60 yearly. The lease terminates on 21st October 2082
You have 56 years left to run the likely cost is going to range between £29,500 and £34,000 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
A licensed conveyancer handled my conveyancing in Hampden Pk half a dozen years ago having retained my title documents but has since been shut down – What can I do to get hold of these?
Title deeds, as such, are no longer appropriate for the majority of properties in Hampden Pk are archived electronically at Land Registry. If you need to establish ownership or are selling or refinancing your lawyer will need to obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.