My uncle passed away 10 months ago and as sole heir and executor I was left the house in Wanstead. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then TSB will require that you use a conveyancer on the TSB 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 TSB 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 TSB mortgage is registered as a charge at the Land Registry.
I appreciate that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when purchasing a house in Wanstead? or Apparently there is an ancient law that means some homeowners residing in a parish church boundary will be compelled to contribute towards maintenance towards the chancel in proximity to the church. Is this suitable for conveyancing in Wanstead?
Unless a previous acquisition of the house completed post 12 October 2013 you may expect lawyers handling conveyancing in Wanstead to remain recommending a chancel search and or insurance against a claim.
The deeds to our property can not be found. The conveyancers who dealt with the conveyancing in Wanstead 10 years ago have long since closed. What are my options?
Gone are the days when you need to have the physical official documentation to evidence that you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
I'm buying my first flat in Wanstead with a mortgage from Accord Mortgages Ltd. The developers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my solicitor about the deal as it would affect my mortgage with Accord Mortgages Ltd. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Wanstead before retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to give a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Halifax. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wanstead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wanstead to see if the conveyancing costs will increase in light of this.
What are your top tips when it comes to finding a Wanstead conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Wanstead conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Wanstead conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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What are the legal fees for lease extension conveyancing? If the firm is not ALEP accredited then what is the reason?
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Wanstead conveyancing firm to act on my behalf?
Where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to determine the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Wanstead flat is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case affected 2 flats. The remaining number of years on the lease was 73.92 years.