It is 10 years ago since I bought my home in Chester le Street. Conveyancing solicitors have recently been appointed on the sale but I can't track down my title deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be with the mortgage company or they may be in the possession of the solicitor who handled the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Chester le Street relates to registered property but in the unlikely event that your property is unregistered it adds to the complexity but is not insurmountable.
My grandfather passed away six months ago and as sole heir and executor I was left the house in Chester le Street. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
Given you intend to refinance then UBS will insist on your using a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
This question may be naive but I am wet behind the ears as a first time buyer of a two bedroom flat in Chester le Street. Do I collect the keys to the property on completion from my lawyer? If this is the case, I will use a local conveyancing solicitor in Chester le Street?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s lawyers, and once they have received this, you should be able to receive the keys from the selling Agents and move into your new home. Usually this occurs early afternoon.
We have a mortgage agreed in principle with Clydesdale. Chester le Street conveyancing practitioners have been appointed. How long does it take for Clydesdale to issue the offer to the solicitor?
There is no definitive answer here. Have Clydesdale done the valuation? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not work out if my lender requires a lease extension. I have called my Chester le Street bank branch on numerous occasions and was reassured it wasn't a problem and they will lend. My Chester le Street conveyancing solicitor - who is on the bank conveyancing panel- called and was told they would not lend based on their published requirements. I have no idea who is right.
The solicitor must follow the Council of Mortgage Lenders’ Handbook Part 2 conditions 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
We are buying a property and the conveyancer has raised the issue of Chancel Repair for which the house could be obligated to contribute to given it’s proximity to the area of such a church. He has mentioned insurance. Is this really appropriate for conveyancing in Chester le Street
Unless a previous acquisition of the property took place post 12 October 2013 you can assume that solicitors conducting conveyancing in Chester le Street to remain recommending a chancel search and or insurance against a claim.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Chester le Street I like with amenity areas and station nearby, however it only has 61 years on the lease. I can't really find anything else in Chester le Street in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Been looking for a property lawyer for leasehold sale conveyancing in Chester le Street. We are selling, uncomplicated no mortgage to pay off, no rush, no onward purchase. Got an estimate from a conveyancing practitioner for £800 including VAT which is a tad steep given that its so straightforward. Can I pay less for conveyancing in Chester le Street?
Considering it’s a sale only, 475 + VAT would be about the cheapest for a Chester le Street solicitor firm.