My best friend’s dad is a conveyancing practitioner. I am hopeful that I can be offered preferential fee for conveyancing, However if that does not come materialise, what kind of costs should I be paying for conveyancing in New Malden?
Do compare pricing. Make use of our search tool on this page. You will notice that estimates seem to vary but service levels do differ between property lawyers as is true with the vast majority of professional services.
My partner and I are nearing an exchange on a property in New Malden and my parents have sent the ten percent deposit to my property lawyer. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your property lawyer is duty bound to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
My uncle passed away 10 months ago and as sole heir and executor I was left the house in New Malden. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
If you plan to refinance then Coventry BS will insist on your using a conveyancer on the Coventry BS 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 Coventry BS 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 Coventry BS mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. New Malden is the location of the property. Can you shed any light on this issue?
Flying freeholds in New Malden are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside New Malden 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 New Malden 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.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have since been informed that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in New Malden. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in New Malden ?
Most houses in New Malden are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in New Malden in which case you should be looking for a New Malden conveyancing solicitor and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your conveyancer should advise you fully on all the issues.
After months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in New Malden. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a New Malden conveyancing firm who can help.
An example of a Lease Extension case for a New Malden flat is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.
Should one as executor remove a deceased person's details from the title register for a house in New Malden?
If a New Malden property is jointly owned and one of the owners passes away, their name will not automatically be removed from the Land Registry title. You are not required to amend the title as when it comes to a sale you would simply be required to evidence why the joint proprietor is missing from the transfer, ordinarily this takes the form of a grant of probate.
With a view to making the sale conveyancing smoother in the future you can apply to have the deceased party removed from the title by submitting an application to HM Land Registry with proof of the death. There is no land registry fee payable.