My wife and I changing mortgage lender for our flat in Woolton with Barclays. We have a son approaching twenty who lives with us. 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, 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 Barclays conveyancing panel as he never had to sign this form when we purchased 5 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 Barclays 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 Barclays. This is solely used to protect Barclays 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 Barclays 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.
A friend suggested that where I am purchasing in Woolton I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Woolton conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Woolton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Woolton.
Just acquired a terraced house in Woolton , how long will it take for the Land Registry to record my ownership? My Woolton conveyancing solicitor has been very slow, so I want to be sure the land registry aspects are dealt with.
There is nothing unique about conveyancing in Woolton registration formalities. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. At present in the region of three quarters of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration occurs after the buyer is living at the property thus an expedited registration is not usually an essential issue but if there is a degree of urgency associated with the registration then you or your conveyancer can contact the land registry and explain the circumstances.
Due to the input of my in-laws I had a survey completed on a property in Woolton before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks tend refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woolton. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the will of my grandfather I am selling a house in Neath but reside in Woolton. My conveyancer (who is 300 miles awayrequires that I sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Woolton to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Woolton
There are only 62 years unexpired on my flat in Woolton. I now want to extend my lease but my landlord is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to prove that you have made all reasonable attempts to find the freeholder. On the whole a specialist may be useful to try and locate and to produce a report which can be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a solicitor in relation to investigating the landlord’s absence and the application to the County Court overseeing Woolton.
Woolton Conveyancing for Leasehold Flats - Examples of Queries before buying
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Please note if it is fewer than 80 years it will impact the salability of the apartment. Check with your bank that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely need a lease extension at some point and it is worth finding out what this would cost. For most Wooltonlease extensions you will need to own the residence for a couple of years before you are legally able to carry out a lease extension. How many years are left on the lease? Be sure to discover if there are any onerous restrictions in the lease. By way of example some leases prohibit pets being permitted in in a block in Woolton. If you like the flatin Woolton but your cat can’t move with you then you will be presented with a difficult decision.