My husband and I are refinancing our penthouse in Ladywell with Santander. We have a son 18 who lives at home. 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, giving up any rights in the event that the flat is repossessed. I have a couple of questions (1) Is this document specific to the Santander conveyancing panel as he did not need to sign this form when we bought 4 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.
I am buying a property and require a conveyancing solicitor in Ladywell who is on the Chelsea Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as Ladywell. We dont recommend any particular firm.
When it comes to lenders such as TSB, do Ladywell conveyancing practitioners have to pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I am purchasing a property in Ladywell. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Kent Reliance be concerned?
As you are obtaining a mortgage with Kent Reliance your lawyer must comply with the conveyancing requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Kent Reliance. The CML Handbook includes minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Kent Reliance where a lease fails to meet these requirements. The specifications relate to the installation of panels on properties countrywide and is not restricted to Ladywell.
I'm in the throws of looking at apartments in Ladywell and I am about to put in an offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a mortgage with Barclays.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. As you are seeking a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
How does the Landlord & Tenant Act 1954 impact my business premises in Ladywell and how can you help?
The particular law that you refer to provides protection to business lessees, giving them the right to make a request to court for a new tenancy and remain in occupation when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Ladywell
My step-father has urged me to instruct his conveyancing solicitors in Ladywell. Should I choose my own solicitor?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to seek guidance from friends or family who have previously instructed the conveyancer you're are thinking of instructing.
Is there an average conveyancing fee for conveyancing in Ladywell?
The average cost last year for conveyancing in Ladywell was £1,500 not including Land Tax and HMLR charges.