I am about to complete buying a house in Chigwell but as a consequence of damage from some water damage at the property I have managed to agree compensation from the vendor in the sum of £2k in the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process but Nottingham will not permit this. Should they have been involved?
The conveyancer that is on the Nottingham approved list is obliged to advise Nottingham of any changes to the purchase price. If you prohibit your property lawyer to report the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new lawyer for your conveyancing in Chigwell.
My aunt passed away six months ago and as sole heir and executor I was left the house in Chigwell. 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 Kent Reliance, pay off the mortgage. Is this possible?
Given you plan to refinance then Kent Reliance will insist on your using a conveyancer on the Kent Reliance 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 Kent Reliance 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 Kent Reliance mortgage is registered as a charge at the Land Registry.
I have been told that property searches are the number one reason for delay in Chigwell conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in Chigwell.
I am looking for a flat up to £305k and identified one close by in Chigwell I like with a park and station nearby, however it's only got 49 remaining years left on the lease. There is not much else in Chigwell for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
My brother has suggested that I use his conveyancers in Chigwell. Do I take his guidance?
Much as we are happy to recommend a Chigwell conveyancing lawyer the best way to select a conveyancing practitioner is to have recommendations from friends or family who have actually used the solicitor that you are contemplating using.
Our conveyancing in Chigwell is completing this Friday, however the people I am purchasing from has asked to vacate the next day at midday. Do I accept such a plan?
In situations where you need a loan then your property lawyer will insist that the property isvacant on Friday - the lender will insist on it.