My wife and I intend to remortgage our flat in Streatham with Nationwide. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of questions (1) Is this document specific to the Nationwide conveyancing panel as he never had to sign this form when we purchased 4 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.
Do I have to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Streatham so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for banks carry out all of the work through the post, internet or over phone calls. This enables them to carry out the legal work for your home move no matter where you live in England or Wales. However you should check if you can still book an appointment to visit conveyancing lawyer if needed.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Streatham is where the house is located. Can you offer any guidance?
Flying freeholds in Streatham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Streatham you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Streatham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking into buying my first house which is in Streatham and I am already nervous. I couldn't find anything specific about Streatham. Conveyancing will be needed in due course but do you know about the Streatham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Streatham. In the meantime here are some basic statistics that we found
I am looking for a conveyancing solicitor in Streatham for my house move. Is it possible to see a solicitor's complaints history with the profession’s regulator?
Members of the public may find documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.
Should one as executor remove a departed person's name from the title register for a property in Streatham?
Where a Streatham property is co-owned and one of the owners passes away, the name will not automatically be removed from the title deeds. You are not required to amend the title as in the event of a disposal your conveyancer would just be required to evidence why the joint proprietor is not included in the contract, such as the probate documents.
With a view to making the sale conveyancing simpler for the sale of the property you can arrange to have the deceased party erased from the title entries by applying to HM Land Registry with evidence of the death. There is no charge from the Registry for this service.