My husband and I intend to remortgage our maisonette in Wraysbury with Co-operative. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose any adults 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 forfeited by the lender. I have two concerns (1) Is this document specific to the Co-operative conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) Does our son by signing this compromise his entitlement 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 Co-operative. This is solely used to protect Co-operative 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 Co-operative 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.

At what point does exchange of contracts happen for sale conveyancing in Wraysbury and am I required to be at the conveyancers office?

If you are round the corner to one of the conveyancing solicitors in Wraysbury you are welcome to come in to sign the paperwork. However, the firms we work with offer countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you by post or email. The signing of the property agreement is not the important part. A signed contract is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wraysbury)to be in the office available at the end of the phone to exchange contracts.

I am a sole trader intending to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Wraysbury for less than 2k?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Wraysbury, including the sale and acquisition of businesses as well as simply property. If you are intending to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. As for the fees these will vary based on the structure and terms of the deal. Let us have your contact information or telephone so as to enable us to furnish you with comprehensive commercial conveyancing quote.

Last January I purchased a leasehold flat in Wraysbury. Am I liable to pay service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Wraysbury Conveyancing for Leasehold Flats - A selection of Queries before Purchasing

Is there a share of the freehold? Please inform me if there are any major works on the horizon that could increase the maintenance costs? What prohibitions are contained in the Wraysbury Lease?

Do I have to attend the offices of the mortgage company conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Wraysbury as it will be easier to pop in to their offices if required.

Whereas this was necessary twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Wraysbury.