My aunt passed away six months ago and as sole heir and executor I was left the house in Aldeburgh. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
If you plan to refinance then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a house in Aldeburgh?
Unless a previous purchase of the premises completed post 12 October 2013 you could take it that solicitors handling conveyancing in Aldeburgh to remain encouraging a chancel search and or insurance against a claim.
Just acquired a detached house in Aldeburgh , What is the estimated time for the Land Registry to register my ownership? My Aldeburgh conveyancing solicitor works at snail pace, so I want to be certain that my ownership is registered.
As far as conveyancing in Aldeburgh is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust subject to who lodges the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. As of today roughly three quarters of such applications are completed within two weeks but some can be subject to extensive hold-ups. Historically registration takes place once the purchaser has moved in to the premises so 'speed' is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
I have been on the look out for a flat up to £305k and found one round the corner in Aldeburgh I like with amenity areas and railway links in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Aldeburgh suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the shortness of the lease may be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
As co-executor for the will of my father I am selling a property in Swansea but I am based in Aldeburgh. My solicitor (who is 235 miles awayrequires that I sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Aldeburgh who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Aldeburgh based
I have just started marketing my ground floor apartment in Aldeburgh. Conveyancing solicitors are to be appointed soon, but I have just received a quarterly service charge invoice – Do I pay up?
It best that you discharge the maintenance contribution as usual because all ground rent and service invoices will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Aldeburgh - Sample of Queries Prior to Purchasing
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Are any of leasehold owners in arrears of their service charge payments? What is the the remaining lease term? The prefered form of lease arrangement is a share of the freehold. In this situation the lessees have being in charge if their destiny and notwithstanding that a managing agent is usually retained if the building is bigger than a house conversion, the managing agent employed by the leaseholders.