My aunt passed away 10 months ago and as sole heir and executor I was left the property in Bungay. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
Where you intend to refinance then Virgin Money will require that you use a conveyancer on the Virgin Money 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 Virgin Money 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 Virgin Money mortgage is registered as a charge at the Land Registry.
Does a directory service exist listing Virgin Money panel solicitors in Bungay on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. Very few lending institutions make their panel listings viewable over the internet. If you are in need of a Bungay conveyancer on the Virgin Money please use our tool.
I am buying a property in Bungay. A rare aspect is that the roof has a solar panel. Yorkshire BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Yorkshire BS your lawyer must check the formal instructions set out in Section two of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and lawyers are required to report to Yorkshire BS where a lease fails to satisfy these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Bungay.
Planning on purchasing a house in Bungay. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Bungay conveyancing practitioner is on the Kent Reliance conveyancing panel.
A colleague recommended that if I am purchasing in Bungay I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Bungay conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Bungay around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Bungay Education with plans and statistics, Local Amenities and other useful data concerning Bungay.
Are there restrictive covenants that are commonly identified as part of conveyancing in Bungay?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bungay. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My business partner and I are planning to take over a lease of an office on the high street. Can you recommend solicitors offering no-move-no costs for commercial conveyancing in Bungay for below 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Bungay, including the disposal and purchase of businesses as well as simply property. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right solicitor. Regarding the charges this will depend on the structure and terms of the proposed transaction. Please provide us with your details or email so as to enable us to provide you with a detailed commercial conveyancing quote.
My husband and I are new to the buying process - agreed a price, yet the agent told us that the seller will only go ahead if we instruct the agent's chosen conveyancers as they want an ‘expedited deal’. We would rather use a family conveyancer with experience of conveyancing in Bungay
It is highly unlikely the owners are driving this. Should the owner require ‘a quick sale', turning down a motivated buyer is counter productive. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you intend to instruct your preferred Bungay conveyancing firm - not the ones that will provide the estate agent a commission or meet his conveyancing figures set by senior management.