My mortgage broker requires my Longthorpe lawyer’ panel member for the Lloyds conveyancing panel. What is the best way to obtain this. I have contacted my local Longthorpe office but they have not responded to me.
The sensible thing to do is ask for this information from your Longthorpe lawyer . They retain a central record lender panel numbers.
My aunt passed away last year and as sole heir and executor I was left the property in Longthorpe. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this allowed?
Given 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.
This question may be naive but I am wet behind the ears as a 1st time purchaser of a ground floor flat in Longthorpe. Do I collect the keys to the premises on completion from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Longthorpe?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
Can you point me to a directory of Yorkshire BS panel solicitors in Longthorpe on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings visible on the web. If you are in need of a Longthorpe lawyer on the Yorkshire BS please make the most of our facility.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Longthorpe solicitor on the Nationwide panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
I own a renovated Georgian property in Longthorpe. Conveyancing lawyer acted for me and Barclays . I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Longthorpe and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing lawyer who conducted the work.
I have been pointed in your direction by numerous selling agents in Longthorpe to find a solicitor using your seach tool. What’s the financial incentive for Estate Agents to offer your lawyers rather than alternative conveyancing organisations?
We don’t make any financial incentive for sending work our way. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I’m about to sell my ground floor flat in Longthorpe. Conveyancing has not commenced, but I have just had a yearly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as usual because all rents and service invoices should be apportioned as part of the financial calculations for completion monies, 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 unless 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.
Longthorpe Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
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Please note if it is fewer than 80 years it will impact the marketability of the flat. It is worth checking with your mortgage company that they are content with remaining years on the lease. Leases with fewer than 80 years remaining means that you will probably require a lease extension at some point and it is worth finding out what this will be. Remember, in most cases you will be required to have been the owner of the property for two years before you are legally able to extend the lease. Make sure you enquire if there is anything that is prohibited in the lease. By way of example it is fairly common in Longthorpe leases that pets are not allowed in in a block in Longthorpe. If you like the flatin Longthorpe but your cat is not allowed to live with you then you will be faced hard decision. Who is in charge of the block?