My grandmother passed away last year and as sole heir and executor I was left the house in Townhill. 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 UBS, pay off the mortgage. Is this possible?
If you intend to re-mortgage then UBS will require that you use a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
We are buying a flat in Townhill. It might be a silly question but how we can trust a solicitor? At some point we have to send our life savings into their account. What protection do 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.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Townhill?
There are two types of lawyers who can conduct conveyancing in Townhill namely licenced conveyancers or solicitors. The two can handle conveyancing services that you need to complete the disposal or purchase of property. They are both obliged to execute Townhill conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be properly conducted and that all requisite steps should be accurately adhered to.
I have a mortgage with Kent Reliance for my property in Townhill. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel lawyer.
I need some quick conveyancing in Townhill as I have an ultimatum to complete in less than one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you have the choice not to have searches carried out although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Townhill the following are instances of issues that can be revealed and adversely affect market value: Enforcement Actions, Overdue Fees, Overdue Grants, Railway Schemes,...
I am buying a new build flat in Townhill. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Townhill
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Due to the guidance of my in-laws I had a survey completed on a house in Townhill before instructing lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders may not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Townhill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Townhill to see if the conveyancing costs will increase in light of this.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Townhill and how can your lawyers assist?
The 1954 Act provides security of tenure to commercial tenants, giving them the dueness to make a request to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Townhill