My aunt passed away six months ago and as sole heir and executor I was left the house in Broughton Astley. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this possible?
If you intend to refinance then Nationwide will require that you use a conveyancer on the Nationwide 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 Nationwide 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 Nationwide mortgage is registered as a charge at the Land Registry.
I am helping my niece sell her flat in Broughton Astley. Does the conveyancer commission an energy performance certificate or do I organise this?
After the abolition of Home Packs, energy performance certificates remained a required component of selling a house. An EPC must be to hand prior to the property being marketed. This is not something that law firms normally organise. Where you are instructing a Broughton Astley conveyancing practitioner they might be able to arrange EPC’s due to their contacts with long established Broughton Astley energy assessors
Is it the case that all Broughton Astley solicitors on the Lloyds conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Lloyds conveyancing panel they would need to be overseen by the SRA. The majority of banks do list licenced conveyancers on their panel and in that case the organisation would be governed by the Council of Licensed Conveyancers.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Broughton Astley conveyancer on the Coventry BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Broughton Astley I like with a park and station nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Broughton Astley in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I am downsizing from my property. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Broughton Astley if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Broughton Astley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
In scouring the internet for the words cheap conveyancing in Broughton Astley it shows results of many conveyancerslocally. How do I determine which is the right solicitor for my move?
The ideal way of seeking a suitable conveyancer is via trusted recommendation, so enquire of colleagues and family who have bought a property in Broughton Astley or a local estate agent or mortgage broker. Charges for conveyancing in Broughton Astley vary, so it's advisable to obtain at least three fee estimates from different property lawyers. Dont forget to clarify what costs in the quote includes.
What advice can you give us when it comes to choosing a Broughton Astley conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Broughton Astley conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Broughton Astley conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:
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What are the costs for lease extension conveyancing? Can they put you in touch with clients in Broughton Astley who can give a testimonial?
Broughton Astley Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying
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You should be aware if it is fewer than 80 years it will have adverse implications on the marketability of the property. It is worth checking with your lender that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely need a lease extension sooner rather than later and you need to have some idea of what this would cost. Remember, in most cases you will be be obliged to have been the owner of the residence for a couple of years in order to be entitled to carry out a lease extension. How much is the maintenance charge and ground rent on the property? Are any of leasehold owners in arrears of their service charge liability?