My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Bewdley. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Given you intend to re-mortgage then Nottingham will insist on your using a conveyancer on the Nottingham 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 Nottingham 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 Nottingham mortgage is registered as a charge at the Land Registry.
Me and my partner are buying a property in Bewdley. I might seem paranoid but how we can trust a solicitor? At some point we have to put money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am buying a 3 bedroom semi in Bewdley. The intention is to carry out an extension to the side at the property.Will the conveyancing process include checks to determine if these alterations are allowed?
Your property lawyer will review the registered title as conveyancing in Bewdley will sometimes reveal restrictions in the title documents which restrict certain alterations or necessitated the consent of another owner. Certain additions require local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
I currently have a mortgage with Aldermore for my property in Bewdley. Conveyancing has been completed 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
You must advise Aldermore prior to renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel firm.
How does conveyancing in Bewdley differ for newly converted properties?
Most buyers of new build or newly converted property in Bewdley contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Bewdley usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bewdley or who has acted in the same development.
What does commercial conveyancing in Bewdley cover?
Bewdley conveyancing for business premises covers a wide array of services, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
In my capacity as executor for the will of my father I am disposing of a residence in Neath but live in Bewdley. My conveyancer (who is 300 miles awayhas requested that I sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Bewdley to witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are based in Bewdley
I have just appointed agents to market my 2 bed flat in Bewdley. Conveyancing solicitors are to be appointed soon, however I have recently had a yearly service charge invoice – what should I do?
It best that you clear the invoice as normal as all rents and maintenance charges will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents 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.
Bewdley Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
-
Is anyone aware of any major works in the planning that will likely increase the service costs? Where a Bewdley lease has fewer than eighty years it will affect the value of the apartment. Check with your lender that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out how much this would cost. For most Bewdleylease extensions you would be required to have owned the premises for a couple of years before you are eligible to extend the lease. It would be sensible to find out as much as possible concerning the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to daily matters like the tidiness of the common parts. Ask other people what they think of their service. Finally, find out the dates that the service charges are due to the managing agents and precisely what it includes.