My wife and I intend to remortgage our flat in Bembridge with Kent Reliance. We have a son 19 who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this document specific to the Kent Reliance conveyancing panel as he never had to sign this form when we purchased 3 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 Kent Reliance 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 Kent Reliance. This is solely used to protect Kent Reliance 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 Kent Reliance 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.
What can a local search tell me about the property we're buying in Bembridge?
Bembridge conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Searches UK The local search is essential in every Bembridge conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I got the keys to my home on 7 June and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Bembridge said it would be recorded in less than a month. Are titles in Bembridge particularly slow to register?
There is nothing unique about conveyancing in Bembridge registration formalities. Rather than based on location, timescales can differ according to the party submitting the application, whether there are errors and if the Land registry need to notify any other persons or bodies. Currently in the region of 80% of such applications are fully dealt with within two weeks but some can be subject to extensive hold-ups. Historically registration is effected after the buyer has moved in to the property therefore 'speed' is not typically primary concern but if there is a degree of urgency associated with the registration then you or your solicitor must speak with the land registry and explain the circumstances.
How does the Landlord & Tenant Act 1954 affect my business premises in Bembridge and how can your lawyers assist?
The 1954 Act affords protection to business tenants, giving them the right to make a request to court for a renewal lease and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Bembridge is one of our many areas of the UK in which the firms we work with are located
I need to instruct a conveyancing solicitor for sale conveyancing in Bembridge. I happened to stumble upon a site which seems to have the ideal solution If it is possible to get all this stuff completed via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?