My aunt passed away six months ago and as sole heir and executor I was left the property in Hurst. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this allowed?
Where you plan to refinance then HSBC will insist on your using a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
I'm buying a new build house in Hurst benefiting from help to buy. The builders would not budge the amount so I negotiated £7000 of additionals instead. The property agent told me not to tell my lawyer about this extras as it could affect my loan with the lender. Is this normal?.
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.
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Hurst I like with a park and station nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Hurst suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I am looking to sell my home. My past lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Hurst if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Hurst. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My husband and I are 3 weeks into a freehold purchase having been directed to conveyancers by the high street agent to handle our conveyancing in Hurst. I am not happy. Could you you assist me in finding new solicitors?
They would need to be very poor in order to consider replacing them. Has your mortgage offer been sent? In the event that it has you need to advise them of the new contact details and ensure the loan are re-sent. The solicitor ideally should be on the lenders panel to avoid escalating fees and complications. So that should be your first question of the new conveyancers. The search tool will help you find a bank approved conveyancer for your conveyancing in Hurst
Do you have any advice for leasehold conveyancing in Hurst with the aim of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Hurst can be avoided if you instruct lawyers the minute your agents start marketing the property and ask them to collate the leasehold documentation needed by the purchasers’ conveyancers. If you have the benefit of shareholding in the freehold, you should make sure that you are holding the original share certificate. Obtaining a new share certificate can be a time consuming formality and slows down many a Hurst home move. Where a reissued share is necessary, you should approach the company director and secretary or managing agents (if relevant) for this at the earliest opportunity. You believe that you know the number of years remaining on your lease but you should verify this by asking your conveyancers. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the remaining number of years is under 80 years. It is therefore important at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have carried out any alterations to the property would they have required Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Hurst state that internal structural alterations or addition of wooden flooring calls for a licence from the Landlord consenting to such changes. Where you dont have the paperwork to hand you should not contact the landlord without contacting your lawyer first.
Leasehold Conveyancing in Hurst - A selection of Queries Prior to Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? Best to be warned whether a new roof is being put on or some other significant cost is pending that will be shared amongst the leasehold owners and may well dramatically impact the level of the maintenance charges or require a one off payment. The answer will be important as a) areas can cause problems for the block as the communal areas may start to deteriorate if maintenance are not paid for b) if the tenants have an issue with the managing agents you will want to have full disclosure