My aunt passed away 10 months ago and as sole heir and executor I was left the house in Littleport. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then UBS will require that you use a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
I used Wolstenholmes several years past for my conveyancing in Littleport. I now require my file however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Littleport of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Littleport with a mortgage from Yorkshire Building Society. The sellers would not move on the price so I negotiated five thousand pounds worth of extras instead. The property agent advised me not reveal to my lawyer about the deal as it may jeopardize my loan with Yorkshire Building Society. Should I keep quiet?.
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.
We're new on the property ladder - had an offer accepted, yet the property agent told us that the vendor will only move forward if we use the agent's recommended conveyancers as they are insisting on an ‘expedited deal’. We would rather use a local conveyancer used to conveyancing in Littleport
We suspect that the seller is unaware of this requirement. If they require ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you will continue to appoint your preferred Littleport conveyancing firm - as opposed tothe ones that will give the negotiator at the agency a referral fee or hit his conveyancing thresholds pre-set by senior management.
I own a leasehold flat in Littleport. Conveyancing and Barclays Direct mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Littleport who acted for me is not around. Any advice?
First contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Littleport conveyancing practitioner to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a studio flat in Littleport, conveyancing was carried out in 2012. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Littleport with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease comes to an end on 21st October 2078
You have 52 years left to run we estimate the price of your lease extension to span between £29,500 and £34,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
We are in the midst of a leasehold sale of a flat in Littleport. Conveyancing is fine but we have been asked to pay an extortionate amount from the managing agents. To date we have paid £225 for a leasehold management pack and then a further £134.40 for answers to queries supplied by the purchaser's property lawyer.
You will not have control over the level of the charges for this information however the typical fee for the information for Littleport leasehold premises is £355. When it comes to Littleport conveyancing deals it is standard for the owner to pay for these costs. The landlord or their agents are not duty bound to address these questions although many will be willing to do so - albeit often at high prices where the fees bear little relation to the work involved. Unfortunately there is no legislation that requires set fees for administrative tasks. There is no statutory time frame by which they are obliged to supply answers.