My partner and I intend to remortgage our flat in Dorking with Nottingham. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have two questions (1) Is this form unique to the Nottingham conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this giving up his rights 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 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.
We see that you have a search directory identifying solicitors on the TSB conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Dorking?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Dorking.
Do I have to pop into the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Dorking so that I can pop in to their offices if required.
Most conveyancing panel lawyers for banks undertake all of the work via Royal Mail, e-mail or over the phone. This enables them to undertake the conveyancing transaction regardless of where you live in the country. Nevertheless you should see if you have the option of attending the offices of your conveyancing lawyer if you prefer.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Dorking is where the house is located. What do you suggest?
Flying freeholds in Dorking are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Dorking you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dorking 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 residence.
My company is planning to lease a unit on the high street. Can you recommend lawyers offering competitive charges for non-domestic conveyancing in Dorking for under 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Dorking, including the disposal and purchase of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right firm. Regarding the fees these will vary based on the structure and terms of the deal. Please provide us with your contact information or email so as to enable us to furnish you with a detailed commercial conveyancing calculation.