My aunt passed away 10 months ago and as sole heir and executor I was left the property in Archway. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Yorkshire BS will require that you use 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.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial estate in Archway?
Its becoming the norm that commercial conveyancing solicitors in Archway will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Archway. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Archway.
For each commercial conveyancing transaction in Archway it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Archway commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Archway.
I am buying my first flat in Archway with the aid of help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not to tell my lawyer about this extras as it will affect my mortgage with Nottingham Building Society. 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.
I opted to have a survey done on a house in Archway ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some lenders will not grant a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Archway. Conveyancing will be smoother if you use a solicitor in Archway especially if they are accustomed to such properties in Archway.
I am a sole trader planning to take an assignment of a lease of an office on a shopping parade. Can you recommend conveyancers offering no-sale-no costs for non-domestic conveyancing in Archway for below £1,200?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Archway, including the sale and acquisition of businesses as well as simply premises. If you are hoping to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or email so as to enable us to provide you with a fixed commercial conveyancing calculation.
I am 18 days into a freehold purchase having been recommend to conveyancers by the selling agent to perform conveyancing in Archway. We are not happy. Could you you assist me in finding new lawyers?
A lawyer would need to be really poor in order to consider changing them. Has your loan offer been sent? In the event that it has you need to advise them of the new contact details and ensure the loan are re-sent. Your new solicitor ideally needs to be on the lenders approved list to avoid escalating expenses and delays. So that should be your first question of the new solicitors. The search tool will help you find a bank approved conveyancer for your home move in Archway