My husband and I swapping mortgage lender for our apartment in Holbeach with Clydesdale. We have a son 19 who lives at home. 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 property is forfeited by the lender. I have two concerns (1) Is this document specific to the Clydesdale conveyancing panel as he did not need 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?
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 Clydesdale. This is solely used to protect Clydesdale 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 Clydesdale 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.
When does exchange of contracts happen for sale conveyancing in Holbeach and do I need to be at the conveyancers office?
If you are near to our conveyancing solicitors in Holbeach you are invited in to sign the paperwork. However, the law practices we work with provide countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when dealing with you by post or email. The executing of the contract is not when everything is set in stone. A signed contract is necessary for the firm to officially exchange at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Holbeach)to be in the office at the appropriate time.
I am using a search engine for the term cheap conveyancing in Holbeach it shows results of numerous property lawyerslocally. With so much choice what is the best way to find the right conveyancing solicitor for my move?
The preferential way of finding the right conveyancer is via trusted referral, so ask friends and family who have bought a property in Holbeach or a respected estate agent or financial adviser. Costs for conveyancing in Holbeach differ, so it's a good idea to request a minimum of four fee estimates from different companies. Dont forget to clarify that the charges are assured not to escalate.
My wife and I purchased a leasehold house in Holbeach. Conveyancing and Britannia mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Holbeach who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Holbeach conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a ground floor flat in Holbeach, conveyancing having been completed in 2008. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Holbeach with an extended lease are worth £221,000. The ground rent is £50 per annum. The lease runs out on 21st October 2095
With 70 years left to run the likely cost is going to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.
I see that you have a search directory listing firms on the bank conveyancing panel. Do Holbeach conveyancing companies pay you a referral fee if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Holbeach.