My wife and I are approaching an exchange on a house in Turvey and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The property lawyer is duty bound to check with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Turvey. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this possible?
Given you intend to re-mortgage 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.
Is it necessary to pay for insurance to cover chancel repairs when buying a residence in Turvey?
Unless a prior acquisition of the property took place post 12 October 2013 you could assume that solicitors handling conveyancing in Turvey to continue to advocate a chancel search and or insurance against a claim.
Me and my brother purchased a 4 bedroom Victorian house in Turvey. Conveyancing solicitor acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the matching address. 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 Turvey and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing solicitor who carried out the work.
My husband and I are novice buyers - agreed a price, but the agent has warned us that the seller will only proceed if we use the agent's preferred solicitors as they want a ‘quick sale’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Turvey
It is highly unlikely the owners are behind this. Should the vendor want ‘a quick sale', turning down a motivated purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and make sure they comprehend that (a)you are serious buyers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to appoint your preferred Turvey conveyancing lawyers - as opposed tothe ones that will give their estate agent a commission or achieve conveyancing thresholds pre-set by HQ.
I am purchasing a leasehold apartment in Turvey. Conveyancing estimates are coming in at around £1800. Does that seem right?
The average fee last year for conveyancing in Turvey was just under one thousand five hundred pounds not including Stamp Duty and HM Land Registry charges.