My uncle passed away 10 months ago and as sole heir and executor I was left the house in Kempshott. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Aldermore will require that you use a conveyancer on the Aldermore 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 Aldermore 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 Aldermore mortgage is registered as a charge at the Land Registry.
I have a renovated Georgian house in Kempshott. Conveyancing practitioner represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Kempshott and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing solicitor who carried out the work.
How does conveyancing in Kempshott differ for newly converted properties?
Most buyers of new build residence in Kempshott come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Kempshott typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Kempshott or who has acted in the same development.
I opted to have a survey carried out on a property in Kempshott in advance of retaining lawyers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks tend refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kempshott. Conveyancing will be smoother if you use a solicitor in Kempshott especially if they are acquainted with such properties in Kempshott.
I am a sole trader hoping to take over a lease of an office on a shopping parade. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Kempshott for below £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Kempshott, including the sale and purchase of businesses as well as simply property. Whether you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Let us have your contact information or call us so that we may provide you with a fixed commercial conveyancing quote.
I have recently realised that I have Fifty years unexpired on my flat in Kempshott. I now wish to get lease extension but my freeholder is can not be found. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to prove that you have done all that could be expected to locate the landlord. On the whole a specialist may be useful to try and locate and to produce a report which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the vesting order request to the County Court overseeing Kempshott.
Leasehold Conveyancing in Kempshott - Sample of Queries before Purchasing
-
The answer will be useful as a) areas may cause problems in the block as the communal areas may begin to deteriorate where services are not paid for b) if the leasehold owners have a dispute with the managing agents you will wish to have complete disclosure Many Kempshott leasehold apartments will be liable to pay a service charge for maintenance of the building invoiced on behalf of the management company. Should you buy the apartment you will have to pay this amount, normally in instalments accross the year. This can vary from several hundred pounds to thousands of pounds for buildings with lifts and large communal areas. There will also be a ground rent to be met annual, this is usually not a large figure, say about £50-£100 but you should to enquire as on occasion it could be many hundreds of pounds. The best form of lease structure is a share of the freehold. In this situation the tenants have being in charge if their destiny and notwithstanding that a managing agent is often employed if the building is larger than a house conversion, the managing agent is directed by the tenants.