My husband and I intend to remortgage our maisonette in New Rossington with Coventry BS. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 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 apartment is forfeited by the lender. I have two concerns (1) Is this form unique to the Coventry BS conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?

First, rest assured that your Coventry BS 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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.

Why do I have to pay up front for my conveyancing in New Rossington?

Where you are retaining lawyers for conveyancing in New Rossington your lawyer will request that you to provide them with funds to cover the the cost of the conveyancing searches. Generally this is asked for to cover the fees of the conveyancing searches. If any down payment is as part of the total price then this should be required shortly prior to exchange of contracts. Any further balance that is needed will be payable shortly before completion.

Despite weeks of looking the Title Certificate and documents to our house can not be found. The conveyancers who dealt with the conveyancing in New Rossington 10 years ago no longer exist. Will I be able to sell the house?

Gone are the days when you need to hold title deeds to establish that you own the land or premises, given that the Land Registry have everything they need in a digital format.

Completion is due on the sale of our £300,000 flat in New Rossington on Tuesday in a week. The management company has quoted £396 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in New Rossington?

New Rossington conveyancing on leasehold maisonettes normally requires the buyer’s solicitor submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to address such questions most will be willing to do so. They are at liberty to charge a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some transactions it is in excess of £800. The management information fee invoiced by the landlord must be accompanied by a synopsis of entitlements and obligations in relation to administration fees, otherwise the charge is not strictly payable. In reality you have little option but to pay whatever is demanded should you wish to complete the sale of your home.

New Rossington Leasehold Conveyancing - Sample of Queries before Purchasing

It would be sensible to enquire if the the lease contains any onerous restrictions in the lease. By way of example it is reasonably common in New Rossington leases that pets are not allowed in in a block in New Rossington. If you love the propertyin New Rossington however your cat can’t make the move with you then you will be presented with a difficult compromise. Many New Rossington leasehold flats will have a service bill for the upkeep of the building set by the management company. If you acquire the flat you will have to pay this liability, normally quarterly throughout the year. This can differ from several hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met yearly, normally this is not a large amount, say approximately £25-£75 but you should to enquire as sometimes it can be prohibitively expensive.

Why is it not possible to complete our conveyancing in New Rossington on Easter Monday?

Because on completion the money will pass between the banks of the purchaser and seller's lawyer and currently this can only happen on a business day. So you can't complete on a weekend either.