My partner and I are refinancing our penthouse in South Oxhey with Kent Reliance. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have two questions (1) Is this form unique to the Kent Reliance conveyancing panel as he never had to sign this form when we remortgaged 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 Kent Reliance 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 Kent Reliance. This is solely used to protect Kent Reliance 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 Kent Reliance 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.
Are the BSA planning on creating a online directory to list law firms on the Coventry BS conveyancing panel for instance in South Oxhey?
We have not been informed any intention on the part of the BSA to promote such a register.
My wife and I are buying a flat in South Oxhey. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to put money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My wife and I buying a 3 bedroom semi in South Oxhey. We would like to carry out an extension to the side at the house.Will legal work on the property include enquiries to see if these alterations are allowed?
Your conveyancer will check the registered title as conveyancing in South Oxhey will occasionally identify restrictions in the title documents which prevent certain alterations or necessitated the consent of a 3rd party. Many extensions require local authority planning consent and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these things with a surveyor ahead of any purchase.
After much negotiation I have agreed a price on an apartment in South Oxhey. My financial adviser pressured me to appoint their lawyer. I paid an advanced payment of £175. Soon after, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial land in South Oxhey?
Its becoming the norm that commercial conveyancing solicitors in South Oxhey will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in South Oxhey. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Oxhey.
For each commercial conveyancing transaction in South Oxhey it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to South Oxhey commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in South Oxhey.
I have been on the look out for a flat up to £195,000 and identified one near me in South Oxhey I like with open areas and railway links nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in South Oxhey for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I need to appoint a conveyancing solicitor for some conveyancing in South Oxhey. I've discover a site which looks to be the ideal solution If there is a chance to get all the legals completed via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?