As someone not used to the Tidworth conveyancing process what is your top tip you can impart concerning the house moving process in Tidworth
You may not hear this from too many lawyers but conveyancing in Tidworth and elsewhere in England and Wales is often a confrontational process. Put another way, when it comes to conveyancing there exists lots of opportunity for friction between you and other parties involved in the legal transfer of property. E.g., the vendor, property agent and on occasion your lender. Appointing a law firm for your conveyancing in Tidworth is a critical decision as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to protect your best interests and to protect you.
There is a definite ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. We recommend that you your first instinct should be to trust your lawyer above all other parties in the home moving process.
My aunt passed away six months ago and as sole heir and executor I was left the property in Tidworth. 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 Bank of Ireland, pay off the mortgage. Is this allowed?
Where you intend to re-mortgage then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland 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 Bank of Ireland 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 Bank of Ireland mortgage is registered as a charge at the Land Registry.
Me and my partner are purchasing a property in Tidworth. I might seem paranoid but how we can trust a solicitor? At some point we have to send funds into their account. What is the protection we have from them run away with our money?
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.
Forgive me if this question is silly but I am wet behind the ears as FTB of a ground floor flat in Tidworth. Do I pick up the keys to the premises on the completion date from my lawyer? If so, I will find a High Street conveyancing solicitor in Tidworth?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you should be able to receive the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
My father pointed out to me me that in buying a property in Tidworth there could be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are a number of properties in Tidworth which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Tidworth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am looking for a flat up to £195,000 and found one round the corner in Tidworth I like with open areas and station nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Tidworth in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
In surfing the internet for the phrase conveyancing in Tidworth it brings up numerous conveyancersin the area. With so much choice what is the best way to find the suitable solicitor for my move?
The ideal method of finding the right conveyancer is through a trusted referral, so ask colleagues and those you trust who have bought a property in Tidworth or the respected estate agent or mortgage broker. Costs for conveyancing in Tidworth differ, so it's sensible to request a minimum of three fee estimates from varying types of conveyancers. Dont forget to clarify that the charges are assured not to increase.
All being well we will complete the sale of our £425,000 flat in Tidworth on Tuesday in a week. The management company has quoted £360 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Tidworth?
Tidworth conveyancing on leasehold flats more often than not necessitates the buyer’s conveyancer submitting questions for the landlord to address. Although the landlord is under no legal obligation to address these enquiries most will be willing to assist. They are entitled to levy a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is £350, in some transactions it is in excess of £800. The administration charge invoiced by the landlord must be sent together with a summary of rights and obligations in relation to administration fees, without which the charge is technically not due. In reality you have little choice but to pay whatever is requested of you if you want to sell the property.
I bought a 2 bed flat in Tidworth, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Tidworth with over 90 years remaining are worth £185,000. The ground rent is £65 yearly. The lease terminates on 21st October 2085
With just 61 years remaining on your lease we estimate the price of your lease extension to span between £19,000 and £22,000 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.