My wife and I are refinancing our flat in Newark on Trent with Santander. We have a son 18 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two concerns (1) Is this form unique to the Santander conveyancing panel as he did not need to sign this form when we remortgaged 3 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 Santander. This is solely used to protect Santander 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 Santander 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 about to put an offer on a leasehold apartment in Newark on Trent. The property agents say that it is normal for flats in Newark on Trent to have less than 75 years remaining. I am obtaining a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/11/2024 the requirements read as follows :
I am selling our house in Newark on Trent and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used an internet conveyancing firm as opposed to a conveyancing solicitor in Newark on Trent. Having lived in Newark on Trent for many years we know of no issue. Do we contact our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? 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)
What does commercial conveyancing in Newark on Trent cover?
Newark on Trent conveyancing for business premises covers a wide range of services, given by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
I purchased a flat in Newark on Trent last 15/9/2023 and to date it is still not registered with HM Land Registry. It was part of a new estate and my conveyancer told me that it may take twelve months to register. I have contacted HM Land Registry directly and they have informed me the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
get in touch with your conveyancing practitioner - if you are not getting sensible responses, find out about their firm’s complaints procedure and escalate your problem to a Partner. Registrations for Newark on Trent conveyancing are not known to be especially complex.