My uncle passed away last year and as sole heir and executor I was left the house in Chelmsford. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then Skipton will require that you use a conveyancer on the Skipton 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 Skipton 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 Skipton mortgage is registered as a charge at the Land Registry.
I'm in the throws of looking at apartments in Chelmsford and I am now considering a potential offer. Is it advisable to have my lawyer on ‘stand by’? I will be getting a mortgage with Clydesdale.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are obtaining a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I can not fathom if my lender requires a lease extension. I have called into my local Chelmsford bank branch on various occasions and was informed it wasn't a problem and they will lend. My Chelmsford conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend based on their published requirements. I have no idea who is right.
Your solicitor has to comply with the Council of Mortgage Lenders’ Handbook Part 2 provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
After shopping around on the internet I have found a Chelmsford conveyancing practitioner having made sure that they are on the Barclays conveyancing panel. Does my lawyer arrange the survey of the property?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Chelmsford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
It has been 4 months following my purchase conveyancing in Chelmsford concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is it simple use the search facility to choose a conveyancing solicitor in Chelmsford on the authorised to act for my mortgage?
First choose a mortgage company such as HSBC Bank, Norwich and Peterborough Building Society or Bank of Ireland then specify your location for example Chelmsford. Conveyancing organisations in Chelmsford and nationally will then be shown.
My husband and I are 17 days into a freehold purchase having been recommend to a firm by the estate agent to do our conveyancing in Chelmsford. I am am starting to be dissatisfied with the level of service. Can you you assist me in finding new solicitors?
They would need to be really poor to suggest changing them. Has the mortgage offer been issued? In the event that it has you will need to advise them of the replacement lawyer and get the loan are issued to the new lawyers. Your conveyancer needs to be on the mortgage company approved list to avoid added costs and delays. That should be your starting point. Our search tool should assist you in finding a lender approved solicitor for your conveyancing in Chelmsford
I am employed by a busy estate agency in Chelmsford where we have witnessed a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have received contradictory information from local Chelmsford conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Chelmsford Conveyancing for Leasehold Flats - Examples of Queries before buying
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Its a good idea to find out as much as you can about the company managing the block as they will either make life much simpler or problematic. As the owner of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to every day matters such as the cleanliness of the common parts. Ask other people what they think of them. Finally, be sure you discover the dates that the maintenance fees are due to the managing agents and precisely how they are spending that money. What prohibitions exist in the Chelmsford Lease? Plenty Chelmsford leasehold properties will have a service bill for the upkeep of the block set by the landlord. If you purchase the property you will have to pay this liability, normally quarterly accross the year. This may be anything from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met annual, ordinarily this is not a significant sum, say around £50-£100 but you should to enquire it because on occasion it could be prohibitively expensive.