My grandmother passed away six months ago and as sole heir and executor I was left the property in Eden Park. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this allowed?
If you intend to refinance then Principality will require that you use a conveyancer on the Principality 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 Principality 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 Principality mortgage is registered as a charge at the Land Registry.
How does conveyancing in Eden Park differ for newly converted properties?
Most buyers of new build premises in Eden Park approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Eden Park tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Eden Park or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Eden Park in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks will not issue a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Eden Park. Conveyancing will be smoother if you use a solicitor in Eden Park especially if they regularly deal with such properties in Eden Park.
I am looking to sell my house. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Eden Park if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Eden Park. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
There are only Seventy years unexpired on my flat in Eden Park. I now wish to extend my lease but my landlord is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to prove that you or your lawyers have made all reasonable attempts to find the freeholder. In some cases a specialist may be helpful to conduct investigations and prepare an expert document to be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the application to the County Court covering Eden Park.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Eden Park conveyancing firm to represent me?
Absolutely. We can put you in touch with a Eden Park conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Eden Park premises is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case related to 2 flats. The remaining number of years on the lease was 76.75 and 88.83.
I am expecting to complete on the purchase a house in Eden Park but as a result of damage from the recent storms I have negotiated recompense from the owner of £2k taking the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process but the bank will not permit this. Why were they involved?
The conveyancing practitioner that is on a mortgage company approved list is duty bound to advise the mortgage company of any changes to the purchase price. If you did not allow your property lawyer to disclose the reduction to your bank then they would need to refrain from representing you and the lender.