My aunt passed away last year and as sole heir and executor I was left the house in London. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Where you intend to refinance 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.
I need some fast conveyancing in London as I have a deadline to exchange contracts inside one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in London the following are examples of issues that can arise and therefore impact future saleability: Enforcement Notices, Overdue Charges, Overdue Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in London I like with a park and transport links nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in London for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I have been sourcing a conveyancing solicitor in London for my purchase. Is there any facility to check a firm’s record with the legal regulator?
You can find presented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.
I’m about to sell my garden apartment in London. Conveyancing has not commenced, however I have recently had a quarterly maintenance charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would given that all ground rent and maintenance invoices will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the leaseholder of a second floor flat in London. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
Absolutely. We can put you in touch with a London conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a London residence is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case related to 1 flat. The remaining number of years on the lease was 73.26 years.
I am buying a flat and cash is in place. I have provided solicitor with 2 separate proof of photo identification, bank statement, numerous utility bills. Now he needs a copy from a probate lawyer acknowledging that the money is in place and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your London conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.