My grandmother passed away six months ago and as sole heir and executor I was left the property in Enfield. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
If you plan to refinance then Nottingham will require that you use a conveyancer on the Nottingham 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 Nottingham 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 Nottingham mortgage is registered as a charge at the Land Registry.
Forgive me if this question is silly but I am unexperienced as FTB of a two bedroom flat in Enfield. Do I receive the keys to the premises on the completion date from my solicitor? If this is the case, I will instruct a local conveyancing solicitor in Enfield?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be able to pick up the keys from the property Agents and move into your new home. This tends to happen early afternoon.
I am being told by my solicitor that chancel insurance is needed on my purchase. What is the level of cover for Enfield conveyancing?
The appropriate level of chancel indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and The Mortgage Works. Conveyancing solicitors as opposed to members of the public take out such insurances.
I am buying a property in Enfield. A rare aspect is that the roof has a solar panel. Skipton have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Skipton your lawyer must check the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for Skipton. The CML Handbook includes minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Skipton where a lease fails to satisfy these provisions. The requirements relate to the installation of panels on properties in England and Wales and is not restricted to Enfield.
I bought my home on 10 August and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Enfield expressed confidence that it should be registered in a couple of weeks. Are properties in Enfield uniquely lengthy to register?
There is nothing unique about conveyancing in Enfield registration formalities. Rather than based on location, timeframes can vary depending on the party submitting the application, whether it is in order and whether the Land registry need to notify any interested persons or bodies. As of today approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs once the new owner is living at the property therefore post completion formalities is not always primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
I am buying a new build apartment in Enfield. Conveyancing is daunting 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 Enfield
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Please supply a car parking plan. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
In surfing the world wide web for the words cheap conveyancing in Enfield it reveals many solicitorslocally. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The best way of seeking a suitable conveyancer is through a personal referral, so seek the guidance of friends and family who have bought a property in Enfield or the respected estate agent or mortgage broker. Costs for conveyancing in Enfield differ, so it's advisable to obtain at least three fee calculations from different law firms. Make sure that you know that the fees are fixed.
I am looking at a two maisonettes in Enfield which have about forty five years remaining on the leases. should I be concerned?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the value of the lease reduces and it becomes more costly to extend the lease. This is why it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this field.
My wife and I have hit a brick wall in negotiating a lease extension in Enfield. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to determine the amount due.
An example of a Lease Extension decision for a Enfield property is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case related to 1 flat. The unexpired lease term was 81.79 years.