My uncle passed away six months ago and as sole heir and executor I was left the house in Thurmaston. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this allowed?
If you plan to refinance then Lloyds will require that you use a conveyancer on the Lloyds 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 Lloyds 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 Lloyds mortgage is registered as a charge at the Land Registry.
My wife and I are purchasing a property in Thurmaston. I might seem paranoid but how we can trust a conveyancer? On completion day we have to put our life savings into their account. What protection do we have from them run away with our deposit?
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.
We previously chose conveyancing lawyers based in Thurmaston on the UBS solicitor approved list. They are now charging me a supplemental fee for dealing with the UBS mortgage. Is this an additional conveyancing fee set by UBS?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer can charge a fee for this. The fee is not set by UBS but by your Thurmaston conveyancing practitioner. Plenty of firms on the UBS panel will quote an ‘acting for lender’ fee but some practices incorporate it on their overall fee.
We expect to receive a OIP from Bank of Ireland this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Thurmaston solicitors on the Bank of Ireland conveyancing panel, or is it better to go independently?
You will need to appoint Thurmaston solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
I have justdiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Thurmaston for a purchase of a leasehold apartment 18 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest way to check if the premises is in your name, 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 Thurmaston conveyancing specialists.
I'm purchasing my first flat in Thurmaston with a mortgage from TSB. The developers refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not to tell my lawyer about this side-deal as it would jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In surfing the web for the words cheap conveyancing in Thurmaston it shows results of numerous solicitorslocally. How do I determine which is the suitable conveyancer for purchase transaction?
The ideal method of choosing the right conveyancer is via personal testimonial, so seek the opinion of friends and family who have purchased a property in Thurmaston or a respected estate agent or mortgage broker. Charges for conveyancing in Thurmaston differ, so it's advisable to secure a minimum of four fee calculations from varying types of companies. Be sure to seek confirmation that the costs are guaranteed not to escalate.
We own a leasehold flat in Thurmaston. Conveyancing was finalised in five years ago. I have heard that I should not allow the the remaining lease term to fall too low. Is this right?
Thurmaston residential long term leases are for a fixed period - normally just under one hundred years when they started. However a significant flats in Thurmaston were constructed or converted in the 60’s and so these leases now have less than 80 years remaining. That may seem like plenty of time however Banks, Building Societies and other mortgage lenders on the whole need leases to have a minimum of seventy five years remaining to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are nearing seventy five years. To optimize the saleability of your property you should be thinking about whether to extend your lease well in advance of selling the property. There are also advantages to taking action before the lease reaches even eighty years as when the lease falls below 80 years the amount you have to pay to extend starts to increase.