My aunt passed away last year and as sole heir and executor I was left the property in Camberwell. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then HSBC will insist on your using a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
I have been told that property searches are the main cause of hinderance in Camberwell conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Camberwell.
I'm buying a new build house in Camberwell with a loan from Yorkshire Building Society. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The property agent advised me not to tell my lawyer about this deal as it would adversely affect my loan with Yorkshire Building Society. Should I keep quiet?.
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.
How do I search for a Camberwell solicitor on the Norwich and Peterborough Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please pick a mortgage company and your location and you will see a number of Camberwell conveyancing lawyers located nearest you. We have listed some Camberwell conveyancing firms towards the end of this page and you can call them to verify if they are on the Norwich and Peterborough Building Society panel
My partner has suggested that I appoint his lawyers for conveyancing in Camberwell. Should I use them?
No doubt it’s preferable to choose a conveyancing solicitor is to get recommendations from friends or family who have actually previously instructed the solicitor that you are considering.
I am in need of some leasehold conveyancing in Camberwell. Before I get started I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and most are in Camberwell - 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 have given up negotiating a lease extension in Camberwell. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a Camberwell conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Camberwell premises is 28 Valmar Road in June 2013. this was a case with an absentee freeholder. As a result the leaseholders applied to the Lambeth County Court for an order dispensing with the giving of a notice of claim. On 25 April 2013 District Judge Zimmels made a vesting order and directed that the matter should be transferred to this tribunal to determine the premium. The tribunal concluded on a figure of £1,125 This case related to 3 flats. The unexpired residue of the current lease was 968 years.