My grandmother passed away six months ago and as sole heir and executor I was left the property in Edwinstowe. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this possible?
If you plan to refinance then Santander will insist on your using 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 am purchasing a new build house in Edwinstowe with a loan from HSBC Bank. The builders would not reduce the price so I negotiated 6k of extras instead. The sale representative suggested that I not inform my solicitor about the deal as it could affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Given that I will soon part with £400,000 on a property in Edwinstowe I wish to have a conversation with the solicitor regarding theconveyancing prior to instructing the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you speaking to the lawyer who will be carrying out your property ownership legalities in Edwinstowe.There is no ‘factory style conveyancing’ - each client is an important person, not a case number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Edwinstowe should be the figure that you end up paying.
I am 18 days into a residential purchase having been referred to solicitors by the local agent to carry out the conveyancing in Edwinstowe. I am am very dissatisfied with the quality of service. Can you help me find new lawyers?
A solicitor would have to be very bad to suggest diss instructing them. Has your mortgage offer been generated? If so you will need to make them aware of the new contact details and get the mortgage documents are re-sent. Your new conveyancer should be on the banks approved list to avoid supplemental charges and frustration. That should be your starting point. Our find a solicitor tool can assist you in finding a lender approved solicitor for your conveyancing in Edwinstowe
I’m about to sell my garden flat in Edwinstowe. Conveyancing has not commenced, but I have recently received a quarterly service charge invoice – Do I pay up?
The sensible thing to do is clear the invoice as usual given that all ground rent and maintenance charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a garden flat in Edwinstowe, conveyancing was carried out in 1998. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Edwinstowe with a long lease are worth £186,000. The ground rent is £55 charged once a year. The lease comes to an end on 21st October 2077
With just 52 years remaining on your lease we estimate the premium for your lease extension to span between £29,500 and £34,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
There are plenty of houses in Edwinstowe on unadopted roads. My partner and I are acquiring such a property. What are the pros and cons of purchasing a residence on a privately owned road?
Edwinstowe conveyancing solicitors are used to conveyancing propertieson private. Your solicitor will review the Land Registry data to find any rights or responsibilities. In many cases there is a residents association that proprietors pay into to maintain the road. Where one exists, the road should be maintained and look better than council maintained.