My aunt passed away last year and as sole heir and executor I was left the property in Raunds. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this allowed?
Given you plan to refinance then RBS will require that you use a conveyancer on the RBS 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 RBS 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 RBS mortgage is registered as a charge at the Land Registry.
Me and my brother have a terraced Georgian property in Raunds. Conveyancing solicitor represented me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Raunds and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing solicitor who completed the work.
I'm refinancing my current home to a buy to let mortgage with Nottingham Building Society and I will use the ballance of the raised equity towards another house. The area we are looking at is Raunds. Will your conveyancers be able to act for the two banks and tie in the conveyances?
Make use of our search tool on this site to ensure that the conveyancers are approved by both mortgage companies. Assuming that they are the conveyancer should be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and communicate your expectations and needs.
I am thinking of appointing a conveyancing lawyer in Raunds for my house move. Is there any facility to review a firm’s complaints history with the profession’s regulator?
You may read documented Solicitor Regulator Association (SRA) decisions arising from investigations started on or after Jan 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator could monitor call for training purposes.
I am employed by a long established estate agency in Raunds where we see a few leasehold sales jeopardised due to short leases. I have received contradictory information from local Raunds conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Raunds Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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Are there any major works anticipated that will likely add a premium to the maintenance charges? It is important to be aware whether a new roof is being put on or some other significant cost is anticipated to be shared between the tenants and may well materially increase the the maintenance charges or result in a specific invoice. The best form of lease arrangement is if the freehold interest is in the ownership of the leaseholders. In this situation the tenants enjoy control and even though a managing agent is usually employed where the building is larger than a house conversion, the managing agent is directed by the tenants.
I have been informed by numerous friends that it should take six to eight weeks for Raunds conveyancing to complete.This was 3 ago. The draft contract was only received to my conveyancer a few days ago so does the time start running now?
One should treat with caution of any lawyer promising expedited completion times. Instead ask the average timeframe to complete Raunds conveyancing deals and whether they are happy to move towards an agreed target date for your conveyancing in Raunds