My uncle passed away last year and as sole heir and executor I was left the property in Baschurch. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
Given you plan to refinance then Clydesdale will require that you use a conveyancer on the Clydesdale 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 Clydesdale 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 Clydesdale mortgage is registered as a charge at the Land Registry.
I have been told that property searches are the main cause of hinderance in Baschurch conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Baschurch.
The deeds to our house can not be found. The conveyancers who conducted the conveyancing in Baschurch 4 years ago have long since closed. What do I do?
As long as you have a registered title the information relating to your ownership will be held by the Land Registry under a Title Number. It is possible to carry out a search at the Land Registry, locate your house and get current copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will also normally retain a certified duplicate of the Registered Lease and again, a copy can be obtained for twenty pounds.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Baschurch is the location of the property. Is there any advice you can give?
Flying freeholds in Baschurch are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Baschurch 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 Baschurch may decide 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 property.
My uncle has urged me to use his lawyers for conveyancing in Baschurch. Do I follow his advice?
There are no two ways about it it’s preferable to choose a conveyancing solicitor is to seek referrals from friends or relatives who have actually previously instructed the solicitor that you are contemplating using.
I am on look out for some leasehold conveyancing in Baschurch. Before I set the wheels in motion I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Baschurch - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a 2 bed flat in Baschurch, conveyancing was carried out 7 years ago. How much will my lease extension cost? Corresponding properties in Baschurch with over 90 years remaining are worth £195,000. The ground rent is £45 yearly. The lease runs out on 21st October 2088
You have 63 years unexpired we estimate the premium for your lease extension to be between £16,200 and £18,600 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.