The sellers of the property we are purchasing have appointed a conveyancing solicitor in Cranfield who has insisted on a preliminary agreement with a non-refundable deposit of 5k. Are such contracts promoted for Cranfield conveyancing transactions?
Lock out contracts are agreements between a home owner and prospective acquirer giving the buyer the sole right to the sale of the property within an agreed time frame. Essentially, an exclusivity agreement is a contract stating that you will receive a contract at a later date being the contract for the actual sale. It tends to be utilised for buyer assurance though in some cases, the seller may stand to benefit from such agreements as well. There are numerous pros and cons to using them but you need to check with your lawyer but note that it may result in costing you more in conveyancing charges. For these reasons these agreements are avoided in relation to conveyancing in Cranfield.
My grandmother passed away six months ago and as sole heir and executor I was left the property in Cranfield. 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 Santander, pay off the mortgage. Is this allowed?
Given you intend to refinance then Santander will require that you use a conveyancer on the Santander 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 Santander 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 Santander mortgage is registered as a charge at the Land Registry.
I require expedited conveyancing in Cranfield as I have an ultimatum to exchange contracts inside 2 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to have searches conducted although no solicitor would advise that you don't. With plenty of history conveyancing in Cranfield the following are examples of what can show up and adversely affect market value: Enforcement Notices, Outstanding Charges, Overdue Grants, Railway Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Cranfield?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Cranfield. 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…’
Is it possible to change conveyancer as I need to select one who is on the Skipton Building Society conveyancing panel. I hired a family conveyancing solicitor in Cranfield five minutes from me but he is not approved by Skipton Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Cranfield on the Skipton Building Society panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Cranfield. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Cranfield.
What can I do to determine who is the owner of a property in Cranfield?
Provided the property is registered with the Land Registry, and you have enough information of the address of the property, you should be able to view details from the HMLR of the recorded proprietor for a a minimal charge.