My aunt passed away last year and as sole heir and executor I was left the property in Marchington. The house had a relatively small loan 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 allowed?
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.
Various internet forums that I have visited warn that are the main reason for obstruction in Marchington conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Marchington.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Marchington is where the house is located. Can you offer any advice?
Flying freeholds in Marchington are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Marchington you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Marchington may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My company is looking to lease a unit on the high street. Can you recommend conveyancers offering fixed costs for non-domestic conveyancing in Marchington for under £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Marchington, including the disposal and acquisition of businesses as well as simply premises. If you are looking to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. Regarding the costs these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or phone so as to enable us to provide you with comprehensive commercial conveyancing calculation.
I own a leasehold flat in Marchington. Conveyancing and Godiva Mortgages Ltd mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Marchington who acted for me is not around. What should I do?
First contact HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Marchington conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 1 bedroom flat in Marchington, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Marchington with over 90 years remaining are worth £202,000. The ground rent is £60 yearly. The lease ends on 21st October 2082
With only 56 years left to run the likely cost is going to span between £29,500 and £34,000 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
I have recently placed an offer on a leasehold flat in Marchington and the mortgage adviser that we are dealing with recommended his conveyancing practitioner. They quoted nine hundred pounds plus VAT and 3rd party costs. Does this sound expensive?
Don't just go on one estimate. One should seek like-for-like quotes for your conveyancing in Marchington. Then choose one that you are comfortable with and just as important, is on the approved panel of the bank that you are sourcing your mortgage from.