My uncle passed away last year and as sole heir and executor I was left the house in Stockwell. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this allowed?
If you intend to refinance then Leeds Building Society will insist on your using a conveyancer on the Leeds Building Society 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 Leeds Building Society 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 Leeds Building Society mortgage is registered as a charge at the Land Registry.
A friend advised me that in buying a property in Stockwell there could be a number of restrictions as to what one can do in terms of external changes to a property. Is this right?
We are aware of a number of properties in Stockwell which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Stockwell should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My conveyancer has informed me that lack of right of way insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Stockwell?
The right level of lack of right of way indemnity insurance depends on who your lender is. It would differ for example between Santander and The Mortgage Works. Conveyancing practitioners as opposed to borrowers take out such insurances.
Lloyds have agreed my home loan in principle, my offer on a property in Stockwell has been agreed to, what happens next?
The property agent will wish to know who your solicitors are (be sure the lawyers are on the lender’s approved list). Telephone Lloyds or your broker and finish off any relevant documentation. Lloyds will appoint a valuer who will get in contact with the estate agent or vendor to schedule a time for the valuation to take place. Once conducted (assuming no problems) it takes on average a week for the mortgage offer to be issued. Lloyds will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Stockwell.
Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a house in Stockwell?
Unless a previous purchase of the property took place after 12 October 2013 you may expect lawyers delivering conveyancing in Stockwell to remain encouraging a chancel search and or insurance against a claim.
I am selling my home. My past lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Stockwell if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Stockwell. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £450,000 garden flat in Stockwell in just under a week. The management company has quoted £408 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Stockwell?
For the majority of leasehold sales in Stockwell conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-exchange enquiries
Where consent is required before sale in Stockwell
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Stockwell conveyancing firm to assist?
Most certainly. We are happy to put you in touch with a Stockwell conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Stockwell residence is 3 Tintern Street in February 2010. The tribunal had jurisdiction to make a decision on the price of the freehold of the subject premises and concluded that the premium should be £24,630.00 This case related to 2 flats. The number of years remaining on the existing lease(s) was 73.69 years.
We are soon to acquiring a house in Stockwell. Conveyancing is not complete but we wish to have our purchase price a secret from the likes of Zoopla. How can this be achieved ?
The Land Registry by statute are bound to disclose price sold information on the official title for residential properties countrywide including homes in Stockwell. The Title Register is an open document, so HM Land Registry would be breaking the law excluded certain properties such as the one in Stockwell.
In essence you can make a request of the Land Registry to withhold the price paid entry yet the answer will be in the negative.