My grandfather passed away six months ago and as sole heir and executor I was left the property in Wrington. 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 TSB, pay off the mortgage. Is this possible?
If you intend 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.
Are there restrictive covenants that are commonly picked up during conveyancing in Wrington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Wrington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Wrington is where the house is located. Can you offer any guidance?
Flying freeholds in Wrington are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wrington you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wrington may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am selling my house. My past conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Wrington if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Wrington. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Planning to complete next month on a leasehold property in Wrington. Conveyancing solicitors inform me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Wrington should include some of the following:
-
You would want to be sent a copy of the lease You must be informed what constitutes a Nuisance in the lease What options are available to the landlord where you have breached the provisions of the lease? Responsibility to repair and maintain the block. It is essential that you know who is duty bound to repair and maintenance of every part of the building Will you be prohibited or prevented from having pets in the property?
I own a basement flat in Wrington, conveyancing formalities finalised in 1999. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Wrington with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease finishes on 21st October 2080
With 56 years unexpired we estimate the price of your lease extension to span between £29,500 and £34,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. 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 seeking the advice of a professional.
There are a lot of houses in Wrington on unadopted lanes. My wife and I are acquiring such a house. Are there any advantages to purchasing a residence on a private road?
Wrington conveyancing firms are familiar with conveyancing propertieson private. Your lawyer will investigate title to find any rights or liabilities. In many cases there is a management company (wholly owned by residents) that residents make annual contributions to maintain the road. If one exists, the road will likely be maintained and appear better than publicly maintained.