My partner and I intend to remortgage our maisonette in Woodcote Green with Nottingham. We have a son 19 who lives at home. Our solicitor has asked us to disclose 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, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Nottingham conveyancing panel as he never had to sign this form when we bought 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 Nottingham 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 Nottingham. This is solely used to protect Nottingham 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 Nottingham 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 intent on selling our house in Woodcote Green and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Woodcote Green lawyer would know this is not the case. It does beg the question why the buyers instructed a web based conveyancing outfit rather than a conveyancing solicitor in Woodcote Green. We have lived in Woodcote Green for three years we know of no issue. Do we contact our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking for a leasehold apartment up to £235,500 and identified one close by in Woodcote Green I like with a park and railway links in the vicinity, however it's only got 52 remaining years left on the lease. I can't really find anything else in Woodcote Green suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I'm refinancing my existing house to a buy to let loan with The Royal Bank of Scotland and I will use the rest of the raised equity as a down payment on another property. The location we are looking at is Woodcote Green. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?
Do use our search tool on this page to ensure that the solicitors are approved by both banks. Having checked that they are your conveyancer should be able to tie up the two conveyancing matters but you should talk with you lawyer and make apparent your expectations and requirements.
My step-father has recommend that I instruct his conveyancers in Woodcote Green. Should I find my own conveyancer?
There are no two ways about it the best way to find a conveyancing solicitor is to get feedback from friends or family who have actually experience in using the solicitor you're considering.
Planning to sign contracts shortly on a leasehold property in Woodcote Green. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Woodcote Green should include some of the following:
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Details of the parties to the lease, for instance these could be the lessee, head lessor, landlord What remedies are open the freeholder should you have breached the provisions of the lease? You would want to be sent a copy of the lease You should know whether the lease permits you to change or improve anything in the flat- you must be made aware as to whether it relates to all alterations or limited to structural alteration, and whether licences for alterations is mandated necessary You must be informed what counts as a Nuisance as far as the lease is concerned
I am the proprietor of a first floor flat in Woodcote Green. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
You certainly can. We can put you in touch with a Woodcote Green conveyancing firm who can help.
An example of a Lease Extension case for a Woodcote Green premises is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case affected 1 flat. The unexpired term as at the valuation date was 71.73 years.