My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Chinatown. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
Given you intend to refinance then Co-operative will insist on your using a conveyancer on the Co-operative 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 Co-operative 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 Co-operative mortgage is registered as a charge at the Land Registry.
I need some expedited conveyancing in Chinatown as I am under an ultimatum to exchange contracts in less than one month. Thankfully I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?
As you are not getting a home loan you are at free not to do searches although no law firm would advise that you don't. With plenty of history conveyancing in Chinatown the following are instances of what can show up and adversely affect future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
3 months have elapsed since my purchase conveyancing in Chinatown completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 asset 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chinatown. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chinatown
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Are there any apps to assist me to identify a Chinatown law firm on the Barnsley Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 10miles to meet the solicitor.
You can use the facility on this page. Please select a bank and your location and you will see a number of Chinatown conveyancing lawyers based on proximity. We have listed some Chinatown conveyancing firms towards the end of this page and you can call them to see whether they are on the Barnsley Building Society member panel
Finally our conveyancing in Chinatown is set to complete this Friday, however the person I am buying off wishes to move out 24 hours later at midday. Can I accept this?
In situations where you require a loan then your property lawyer will demand that you have vacant possession on Friday - the lender will require it.