My partner’s brother is a solicitor. I anticipate that I'll be able to get mate’s fee for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Morden Park?
Do compare pricing. Do use our search tool on this site. Whilst prices do be different but service levels do are distinct between law firms as is true with most professions.
I am the registered owner of a freehold premises in Morden Park but nevertheless pay rent, why is this and what is this?
It is rare for properties in Morden Park and has limited impact for conveyancing in Morden Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My grandmother passed away last year and as sole heir and executor I was left the property in Morden Park. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Lloyds will require that you use a conveyancer on the Lloyds 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 Lloyds 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 Lloyds mortgage is registered as a charge at the Land Registry.
Is there a list of Santander panel conveyancers in Morden Park on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association sites. Very few banks make their panel listings open the public over the internet. Where you are looking for a Morden Park conveyancing practitioner on the Santander please make the most of our tool.
I'm in the throws of viewing houses in Morden Park and I am about to put in an offer. Should I already have a lawyer in place at this stage? I am planning to take a mortgage with Nationwide.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. As you are taking out a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
Planning on purchasing a flat in Morden Park. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Morden Park conveyancer is on the UBS conveyancing panel.
I got the keys to my flat on 10 April and my personal details are still not registered. Need I be worried? My conveyancing solicitor in Morden Park said it would be dealt with inside ten days. Are transfers in Morden Park particularly slow to register?
As far as conveyancing in Morden Park registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd persons or bodies. Currently roughly 80% of such applications are fully addressed in less than three weeks but some can be subject to longer delays. Historically registration takes place once the buyer has moved in to the property thus post completion formalities is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer should contact the land registry and explain the circumstances.
Do I cancel my mortgage payments with Nottingham as soon as a completion date for my home sale in Morden Park has been agreed?
No, you should keep meeting any mortgage sums to Nottingham pending the mortgage being repaid on completion as part of your Morden Park conveyancing.