My wife and I are refinancing our penthouse in Upper Walthamstow with Co-operative. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document 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 Co-operative conveyancing panel as he never had to sign this form when we remortgaged 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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 purchasing a house and need a conveyancing solicitor in Upper Walthamstow who is on the Leeds Building Society solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Upper Walthamstow. We dont recommend any particular firm.
Do commercial conveyancing searches reveal planned roadworks that may impact a commercial estate in Upper Walthamstow?
Its becoming the norm that commercial conveyancing solicitors in Upper Walthamstow will conduct 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 Upper Walthamstow. The search result provides 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 Upper Walthamstow.
For each commercial conveyancing transaction in Upper Walthamstow it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Upper Walthamstow commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Upper Walthamstow.
Due to the guidance of my in-laws I had a survey completed on a house in Upper Walthamstow prior to instructing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders will not issue a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Upper Walthamstow. Conveyancing will be smoother if you use a solicitor in Upper Walthamstow especially if they are familiar with such properties in Upper Walthamstow.
Hoping to buy a property located in Upper Walthamstow and I am already nervous. I couldn't find anything specific about Upper Walthamstow. Conveyancing will be needed in due course but do you know about the Upper Walthamstow area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Upper Walthamstow. In the meantime here are some basic statistics that we found
My cousin has encouraged me to instruct his conveyancers in Upper Walthamstow. Should I use them?
No doubt the best way to choose a conveyancing practitioner is to get feedback from friends or relatives who have used the conveyancer you're contemplating using.