We are about to exchange contracts for a property in Darley Abbey. We encountered a snag. The mortgage offer with Skipton Building Society runs out on 30/11/2020 but the sellers are putting forward a completion date of 2/12/2020. Is it possible to prolong the loan offer?
The best person to address this question is your lawyer who is in a position to determine whether he or she is should be discussing with the mortgage company, seller’s conveyancers, property agents or indeed all parties taking into account what has gone on in your transaction to date.
My aunt passed away six months ago and as sole heir and executor I was left the property in Darley Abbey. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this allowed?
If you intend to refinance then Lloyds will require that you use a conveyancer on the Lloyds 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 Lloyds 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 Lloyds mortgage is registered as a charge at the Land Registry.
Should our solicitor be making enquiries regarding flooding as part of the conveyancing in Darley Abbey.
Flooding is a growing risk for conveyancers conducting conveyancing in Darley Abbey. There are those who buy a property in Darley Abbey, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, however there are a various checks that may be initiated by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Darley Abbey. The conventional set of information supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine if the property has suffered from flooding. If the residence has been flooded in past which is not notified by the owner, then a purchaser may commence a claim for damages resulting from an incorrect response. A buyer’s lawyers will also carry out an enviro report. This will reveal whether there is a recorded flood risk. If so, additional inquiries should be conducted.
The deeds to our property can not be found. The solicitors who handled the conveyancing in Darley Abbey 4 years ago have long since closed. What do I do?
Assuming the title is registered the information relating to your proprietorship will be held by HMLR under a Title Number. It is easy to execute a search at the Land Registry, find your property and get up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be obtained for a small fee.
Just had an offer accepted on a new build flat in Darley Abbey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Darley Abbey
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan.
I am a sole trader wishing to lease a unit on the high street. Can you recommend solicitors offering fixed charges for commercial conveyancing in Darley Abbey for less than £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Darley Abbey, including the disposal and acquisition of businesses as well as simply property. Whether you are looking to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right solicitor. As for the costs these will vary based on the structure and complexity of the proposed transaction. Please provide us with your contact information or phone us so that we may supply you with comprehensive commercial conveyancing calculation.