My grandmother passed away six months ago and as sole heir and executor I was left the property in Priorslee. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then TSB will require that you use a conveyancer on the TSB 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 TSB 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 TSB mortgage is registered as a charge at the Land Registry.
Me and my partner are buying a apartment in Priorslee. It might be a silly question but how we can trust a lawyer? At some point we have to deposit funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Last month we had a mortgage agreed in principle with Leeds Building Society. Priorslee conveyancing solicitors are instructed. How long does it take for Leeds Building Society to send the offer to the property lawyer?
There is no definitive answer here. Have Leeds Building Society done the valuation? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am due to exchange contracts on my apartment. I had a double glazing fitted in August 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Co-operative are being pedantic. The Priorslee solicitor who is on the Co-operative conveyancing panel is recommending indemnity insurance as a solution but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Should my conveyancer be asking questions regarding flooding as part of the conveyancing in Priorslee.
Flooding is a growing risk for solicitors carrying out conveyancing in Priorslee. There are those who acquire a house in Priorslee, completely aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a number of searches that may be undertaken by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Priorslee. The conventional set of property information forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the vendor to determine if the property has suffered from flooding. If the residence has been flooded in past which is not disclosed by the vendor, then a purchaser could commence a claim for damages resulting from an inaccurate response. The buyer’s solicitors should also order an environmental search. This will reveal if there is a recorded flood risk. If so, more detailed investigations should be conducted.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who handled the conveyancing in Priorslee 5 years ago are no longer around. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your lawyer will be aware exactly where to find all the suitable paperwork so you can buy or sell your house without a hitch. Where copies are not available, your solicitor may be able to put in place insurance or indemnities protecting you against possible claims on your property.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Priorslee is where the house is located. What do you suggest?
Flying freeholds in Priorslee are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Priorslee you must be sure that your lawyer goes 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 Priorslee may ascertain 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 residence.
I'm refinancing my existing property to a BTL mortgage with Chelsea Building Society and I will use the ballance of the raised equity as a down payment on another house. The neighborhood we are talking about is Priorslee. Will your solicitors be able to act for both sets of lenders and tie in the conveyances?
Do use our search tool on this page to check that the solicitors are approved by both lenders. On the basis that they are the solicitor should be able to connect the two transactions but you should talk with you conveyancer and make apparent your desired outcome and requirements.