My aunt passed away last year and as sole heir and executor I was left the house in Crofton Park. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland 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 Bank of Ireland 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 Bank of Ireland mortgage is registered as a charge at the Land Registry.
My wife and I purchasing a victorian detached house in Crofton Park. The intention is to convert the garage to an office at the property.Will the conveyancing process involve checks to see if these alterations are prohibited?
Your conveyancer should review the deeds as conveyancing in Crofton Park can on occasion reveal restrictions in the title deeds which prohibit certain works or necessitated the consent of a 3rd party. Many extensions call for local authority planning permissions and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
My fiancee and I are at the point of looking at flats in Crofton Park and I am now considering a potential offer. Is it sensible to have my solicitor on ‘stand by’? I am planning to take a mortgage with Lloyds.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are taking out a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.
Planning on purchasing a apartment in Crofton Park. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Crofton Park solicitor is on the Principality conveyancing panel.
I purchased a terraced Edwardian property in Crofton Park. Conveyancing lawyer represented me and Nationwide Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Crofton Park and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who carried out the work.
I am purchasing my first flat in Crofton Park benefiting from help to buy. The sellers refused to move on the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my solicitor about the deal as it may impact my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the advice of my in-laws I had a survey completed on a house in Crofton Park before instructing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some banks will refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Crofton Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crofton Park to see if the conveyancing will be more expensive.
I need to find a conveyancing solicitor for sale conveyancing in Crofton Park. I have stumble upon a site which appears to be the perfect offering If there is a chance to get all formalities completed via web that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?