My aunt passed away last year and as sole heir and executor I was left the property in Exmouth. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Kent Reliance will require that you use a conveyancer on the Kent Reliance 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 Kent Reliance 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 Kent Reliance mortgage is registered as a charge at the Land Registry.
My wife and I have a terraced Georgian property in Exmouth. Conveyancing practitioner acted for me and Chelsea Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Exmouth and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who completed the work.
I have been on the look out for a flat up to £245,000 and identified one round the corner in Exmouth I like with a park and station in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Exmouth suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
My business partner and I are looking to lease a unit on the high street. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Exmouth for below £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Exmouth, including the sale and acquisition of businesses as well as simply property. If you are looking to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. Regarding the costs these will vary based on the structure and nuances of the deal. Let us have your contact information or phone so as to enable us to furnish you with comprehensive commercial conveyancing quote.
I am using a search engine for the phrase cheap conveyancing in Exmouth it brings up numerous conveyancersin the vicinity. With so much choice what is the best way to find the right conveyancer for my move?
The best method of choosing the right conveyancer is through a personal testimonial, so ask colleagues and family who have purchased a property in Exmouth or a local estate agent or financial adviser. Costs for conveyancing in Exmouth vary, so it's sensible to secure a minimum of three fee estimates from different law firms. Dont forget to clarify what costs in the quote includes.
My lawyers in Exmouth have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the lender conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the bank directly.