My uncle passed away six months ago and as sole heir and executor I was left the property in Frome. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then RBS will require that you use a conveyancer on the RBS 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 RBS 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 RBS mortgage is registered as a charge at the Land Registry.
I require quick conveyancing in Frome as I have an ultimatum to exchange contracts in less than one month. Luckily I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you are at free not to have searches carried out although no solicitor would advise that you don't. With plenty of history conveyancing in Frome the following are examples of issues that can arise and therefore impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly picked up as part of conveyancing in Frome?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Frome. 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…’
About to purchase a new build apartment in Frome. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Frome
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am looking for a leasehold apartment up to £305k and identified one round the corner in Frome I like with amenity areas and railway links nearby, however it's only got 51 years on the lease. There is not much else in Frome suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term will be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
My partner and I are FTB’s just having agreed a price on a property in Frome, and are now looking to get solicitors lined up. I have used the various rating tools and the results are from all across the England and Wales. Is it critical to have a Frome conveyancer local to your prospective new home? I am happy to do everything over the web, but I assume at some point we will be required to physically go into the solicitor's office to sign contracts?
There is no requirement to attend the office of your conveyancing practitioner, they can post any relevant papers to you, which you can sign and send back. Many home movers prefer to instruct a locally based solicitor, but it is not essential for conveyancing in Frome.