My uncle passed away last year and as sole heir and executor I was left the house in North Newbald. 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 Clydesdale, pay off the mortgage. Is this allowed?
If you plan to refinance then Clydesdale will insist on your using a conveyancer on the Clydesdale 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 Clydesdale 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 Clydesdale mortgage is registered as a charge at the Land Registry.
Will my solicitor be making enquiries concerning flooding as part of the conveyancing in North Newbald.
Flooding is a growing risk for conveyancers dealing with homes in North Newbald. Plenty of people will acquire a house in North Newbald, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a numerous checks that may be initiated by the purchaser or by their conveyancers which should figure out the risks in North Newbald. The standard completed inquiry forms sent 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 discover whether the property has suffered from flooding. In the event that the premises has been flooded in past and is not revealed by the vendor, then a purchaser may issue a claim for damages as a result of such an incorrect answer. A purchaser’s lawyers will also commission an enviro report. This should reveal if there is a recorded flood risk. If so, additional investigations should be initiated.
I have recentlyfound out that Arc property Solicitors have been shut down. They conducted my conveyancing in North Newbald for a purchase of a freehold house 12 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can make 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 North Newbald conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build apartment in North Newbald. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in North Newbald
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
In my capacity as executor for the will of my father I am selling a property in Cardiff but live in North Newbald. My lawyer (who is 200 miles from meneeds me to execute a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in North Newbald to attest this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are North Newbald based
Do I cancel my mortgage payments with Leeds Building Society as soon as a completion date for my sale in North Newbald has been agreed?
You are best advised to continue meeting any mortgage sums to Leeds Building Society pending the mortgage being paid off out of the proceeds of sale as part of your North Newbald conveyancing.