My partner and I intend to remortgage our apartment in Claydon with Leeds Building Society. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 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 form unique to the Leeds Building Society conveyancing panel as he did not need 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?

First, rest assured that your Leeds Building Society 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 Leeds Building Society. This is solely used to protect Leeds Building Society 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 Leeds Building Society 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.

How does conveyancing in Claydon differ for new build properties?

Most buyers of new build premises in Claydon approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is constructed. This is because house builders in Claydon usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Claydon or who has acted in the same development.

I decided to have a survey completed on a house in Claydon in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend not issue a mortgage on this type of home.

It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Claydon. Conveyancing may be slightly more expensive based on your lender's requirements.

Are there any apps to help search for a Claydon law firm on the Lloyds TSB Bank conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the lawyer.

Feel free to make use of the search on this page. Please select a mortgage company and your location and you will see a number of Claydon conveyancing lawyers based on proximity. We have listed some Claydon conveyancing firms towards the end of this page and you can contact them to verify if they are on the Lloyds TSB Bank member panel

Completion is due on the sale of our £300,000 maisonette in Claydon next week. The managing agents has quoted £300 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Claydon?

Claydon conveyancing on leasehold flats usually involves fees being levied by landlords agents :

Completing pre-contract questions Where consent is required before sale in Claydon Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Claydon leasehold property is £350. For Claydon conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide answers.

Leasehold Conveyancing in Claydon - Sample of Questions you should consider Prior to Purchasing

The prefered form of lease structure is where the freehold interest is owned by the leaseholders. In this scenario the leaseholders enjoy control and notwithstanding that a managing agent is usually employed if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Best to be warned if redecorating or some other major work is due in the near future that will be shared amongst the leasehold owners and could well materially impact the level of the maintenance costs or require a one time invoice. How much is the service charge and ground rent on the flat?