My aunt passed away last year and as sole heir and executor I was left the house in Alderley Edge. 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 Yorkshire BS, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Yorkshire BS will insist on your using a conveyancer on the Yorkshire BS 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 Yorkshire BS 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 Yorkshire BS mortgage is registered as a charge at the Land Registry.
Is it necessary to pay for insurance to cover chancel repairs when purchasing a residence in Alderley Edge?
Unless a previous acquisition of the property completed after 12 October 2013 you could expect lawyers delivering conveyancing in Alderley Edge to remain encouraging a chancel search and or insurance against a claim.
I'm purchasing a new build house in Alderley Edge with the aid of help to buy. The sellers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not inform my lawyer about this deal as it could affect my mortgage with Nationwide Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Do I need to be concerned by third parties that I am dealing with are encouraging me to use an online conveyancing firm rather than a local Alderley Edge conveyancing company?
As with lots of professional services, often input from family and friends can be worth their weight in gold. Yet there are lots of players in a conveyancing matter; estate agents, mortgage brokers and lenders might all put forward solicitors to select. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there exists a commercial relationship behind the recommendation. You are free to select your preferred lawyer. Don't forget that many mortgage providers operate an approved list of law firms you are obliged to use for the mortgage aspect of your transaction.
I need to retain a conveyancing solicitor for freehold conveyancing in Alderley Edge. I happened to land on a web site which appears to be the perfect offering If it is possible to get all this stuff done via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My wife and I purchased a leasehold flat in Alderley Edge. Conveyancing and Skipton Building Society mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Alderley Edge who previously acted has long since retired. What should I do?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. It is not necessary to instruct a Alderley Edge conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a ground floor flat in Alderley Edge, conveyancing having been completed 4 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Alderley Edge with over 90 years remaining are worth £196,000. The average or mid-range amount of ground rent is £45 per annum. The lease ceases on 21st October 2090
You have 64 years left to run we estimate the price of your lease extension to range between £15,200 and £17,600 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.