It is 10 years ago since I acquired my house in Borough Green. Conveyancing solicitors have just been retained on the sale but I can't track down my deeds. Is this a major issue?
You need not be too concerned. First there is a chance that the deeds will be kept by your mortgage company or they could be in the possession of the solicitor who oversaw the purchase. Secondly in most cases the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. The vast majority of conveyancing in Borough Green involves registered property but in the rare situation where your home is unregistered it is more tricky but is resolvable.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Borough Green. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Yorkshire BS will require that you use a conveyancer on the Yorkshire BS 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 Yorkshire BS 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 Yorkshire BS mortgage is registered as a charge at the Land Registry.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when purchasing a property in Borough Green?
Unless a prior purchase of the house completed after 12 October 2013 you could take it that lawyers carrying out conveyancing in Borough Green to remain recommending a chancel search and or insurance against a claim.
Me and my brother purchased a 4 bedroom Edwardian property in Borough Green. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching address. Is it worth asking Godiva Mortgages Ltd to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Borough Green and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing lawyer who conducted the work.
I'm purchasing a new build house in Borough Green benefiting from help to buy. The developers would not budge the amount so I negotiated 6k of extras instead. The estate agent suggested that I not disclose to my solicitor about this side-deal as it may jeopardize my loan with Barnsley Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a flat up to £245,000 and identified one near me in Borough Green I like with a park and station in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Borough Green for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.