My partner and I are refinancing our apartment in South Woodford with Aldermore. 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. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this document specific to the Aldermore conveyancing panel as he never had to sign this form when we purchased 3 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 Aldermore 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 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 the registered owner of a freehold residence in South Woodford but still charged rent, why is this and what is this?
It is rare for properties in South Woodford and has limited impact for conveyancing in South Woodford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Do I need to attend the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in South Woodford so that I can attend their offices if required.
Most conveyancing panel lawyers for mortgage companies undertake the vast majority of communications through the post, e-mail or over phone calls. This enables them to conduct the legal work for your home move regardless of where you live in the country. However you should see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
I just bought a flat at auction in South Woodford. Conveyancing is needed. What is next?
Now that you are exchanged you now have to instruct a conveyancing lawyer soon as you are facing a fast approaching a fixed date to complete the conveyancing. Every auction property will ordinarily have an associated legal pack. This will include most,if not all of the documents that your conveyancer requires. If you have purchased leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You need to hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that you have funds in order to complete the transaction on the set completion date.
I am aiming to move house in May. Does my conveyancing solicitor call the removal company on the completion day. On a separate note, can you recommend a removal company in South Woodford. Conveyancing lawyer was chosen before I stumbled across your website.
On the afternoon of completion you can collect the keys from the selling agent but this should only take place after the sellers solicitors advise the agent that they have the completion monies and the keys can be collected. You should advise the removal company that they can start moving you in. We do not recommend a particular removal company but can assist you in locating a residential property solicitor in South Woodford or a firm that specialises in conveyancing in South Woodford.
Is there a list of Principality panel solicitors in South Woodford on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association websites. Very few banks make their panel listings open the public over the internet. Where you are seeking to appoint a South Woodford solicitor on the Principality please use our tool.
I opted to have a survey carried out on a house in South Woodford before appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some banks will not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Woodford. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to change solicitor as I need to select a firm on the Alliance & Leicester conveyancing list. I instructed a high street conveyancing solicitor in South Woodford five minutes from me but she is not approved by Alliance & Leicester
It would be our pleasure to help you select a conveyancing solicitor in South Woodford on the Alliance & Leicester panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in South Woodford. Using search facility on this site, you can contrast charges for conveyancing solicitors in South Woodford and beyond.