At what point will exchange of contracts happen for sale conveyancing in Hathern and do I need to attend the lawyers office?
If you are local to our conveyancing solicitors in Hathern you are invited in to sign documents. That being said, the law practices we recommend provide countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you digitally. The signing of the sale agreement is not the important part. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hathern)to be in the office available at the end of the phone to exchange contracts.
My grandmother passed away six months ago and as sole heir and executor I was left the property in Hathern. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Given you intend to re-mortgage 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.
Will our conveyancer be raising questions regarding flooding as part of the conveyancing in Hathern.
Flooding is a growing risk for solicitors conducting conveyancing in Hathern. Plenty of people will acquire a house in Hathern, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, but there are a numerous checks that can be initiated by the buyer or by their lawyers which will give them a better understanding of the risks in Hathern. The standard information sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to determine whether the property has historically flooded. In the event that the residence has been flooded in past which is not notified by the vendor, then a buyer could bring a compensation claim resulting from an inaccurate reply. A buyer’s conveyancers will also order an environmental search. This will higlight whether there is a recorded flood risk. If so, more detailed investigations should be initiated.
five months have gone by since my purchase conveyancing in Hathern completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 residence 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Hathern I like with amenity areas and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Hathern suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
My husband and I are new on the property ladder - had an offer accepted, yet the selling agent informed us that the seller will only proceed if we instruct the agent's recommended conveyancers as they want a ‘quick sale’. We would rather use a family solicitor with experience of conveyancing in Hathern
We suspect that the seller is unaware of this request. If they want ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you are chain free (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Hathern conveyancing solicitors - as opposed tothe ones that will provide the estate agent a commission or hit his conveyancing targets set by HQ.