My aunt passed away six months ago and as sole heir and executor I was left the property in Keyworth. 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 Nationwide, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Nationwide will require that you use a conveyancer on the Nationwide 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 Nationwide 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 Nationwide mortgage is registered as a charge at the Land Registry.
I require expedited conveyancing in Keyworth as I am under pressure to complete inside one month. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free buyer you have the choice not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Keyworth the following are instances of issues that can show up and adversely impact market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
The deeds to my house can not be found. The lawyers who handled the conveyancing in Keyworth 4 years ago have long since closed. What do I do?
You no longer need to hold title original deeds to prove you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.
I opted to have a survey completed on a property in Keyworth in advance of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will refuse to give a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you contact us we can check with 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 Keyworth. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing practitioner in Keyworth for my home move. Can I review a solicitor's complaints history with the legal regulator?
Anyone may read presented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA could recorded call for training purposes.
Last April I purchased a leasehold flat in Keyworth. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Keyworth Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing
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What is the annual service fee and ground rent? In the main the cost for major works tend not to be included within service charges, albeit that some managing agents in Keyworth obliged leasehold owners to pay into a reserve fund and this is used to offset against larger repairs or maintenance. The majority of Keyworth leasehold flats will have a service charge for maintenance of the building levied on behalf of the landlord. If you buy the flat you will have to meet this liability, normally in instalments accross the year. This can differ from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a rentcharge to be met yearly, this is usually not a significant amount, say approximately £25-£75 but you should to enquire as occasionally it could be many hundreds of pounds.