Do conveyancers ask for money on account when it comes to conveyancing in Norbiton?
Where you are retaining lawyers for conveyancing in Norbiton your lawyer will ask you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the purchase price then this will be required shortly ahead of exchange of contracts. The closing balance that is needed will be payable a few days prior to the completion date.
My uncle passed away six months ago and as sole heir and executor I was left the property in Norbiton. 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 require that you use 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.
Should our solicitor be making enquiries concerning flooding as part of the conveyancing in Norbiton.
The risk of flooding is if increasing concern for lawyers dealing with homes in Norbiton. There are those who purchase a house in Norbiton, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, but there are a various checks that can be carried out by the buyer or by their conveyancers which will give them a better appreciation of the risks in Norbiton. The conventional set of property information forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the vendor to determine if the premises has historically flooded. In the event that flooding has previously occurred and is not notified by the owner, then a buyer could bring a claim for damages as a result of such an inaccurate response. A buyer’s lawyers will also conduct an environmental search. This will indicate if there is any known flood risk. If so, further inquiries will need to be made.
I have justdiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Norbiton for a purchase of a leasehold flat 9 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Norbiton conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a house in Norbiton ahead of retaining conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some lenders will not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Norbiton. Conveyancing may be slightly more expensive based on your lender's requirements.
I am selling my home. My former lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Norbiton if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Norbiton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.