My aunt passed away 10 months ago and as sole heir and executor I was left the property in East Finchley. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this possible?
Where you plan to refinance 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.
A friend suggested that where I am purchasing in East Finchley I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard East Finchley conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about East Finchley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about East Finchley.
I have recentlybecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in East Finchley for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of East Finchley conveyancing specialists.
I am buying a new build house in East Finchley benefiting from help to buy. The builders would not move on the price so I negotiated 6k of extras instead. The sale representative suggested that I not reveal to my solicitor about this deal as it could adversely affect my loan with Accord Mortgages Ltd. 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.
I have been on the look out for a flat up to £305k and found one near me in East Finchley I like with open areas and transport links nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in East Finchley in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the shortness of the lease will likely be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
In surfing the world wide web for the term conveyancing in East Finchley it shows results of many conveyancerslocally. How do I determine which is the suitable conveyancer for me?
The ideal way of choosing a suitable conveyancer is through a personal testimonial, so seek the counsel of colleagues and relatives who have purchased a property in East Finchley or a reputable estate agent or mortgage broker. Fees for conveyancing in East Finchley vary, so it's advisable to request a minimum of four quotes from varying types of solicitors. Dont forget to clarify that the charges are assured not to to be inflated.