I am acquiring a property without a mortgage in Frampton Cotterell. I have lived for the previous Seventeen years in Frampton Cotterell. Conveyancing searches are a lot of money. Given that I know the area and road intimately must I have all the conveyancing searches?
In the absence of a home loan, then the vast majority of the Frampton Cotterell conveyancing searches are optional. Your conveyancer will 'advise', perhaps strongly, that you should have searches completed, but she has a professional duty to take that path of guidance. One thing to take into account; if you are going to dispose of the house at a future date, it may be of relevance to your future purchaser what the searches contain. On occasion properties with functional issues can still reveal unpredicted search results. A competent conveyancing solicitor in Frampton Cotterell should provide you some practical guidance concerning this.
My aunt passed away 10 months ago and as sole heir and executor I was left the house in Frampton Cotterell. 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 Coventry BS, pay off the mortgage. Is this allowed?
If you plan to refinance then Coventry BS will require that you use a conveyancer on the Coventry 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 Coventry 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 Coventry BS mortgage is registered as a charge at the Land Registry.
five months have elapsed following my purchase conveyancing in Frampton Cotterell completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Frampton Cotterell. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Frampton Cotterell
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Frampton Cotterell is where the house is located. Can you offer any assistance?
Flying freeholds in Frampton Cotterell are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Frampton Cotterell you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Frampton Cotterell may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We are in the process of buying a house in Frampton Cotterell. Could our conveyancing practitioner keep the amount we are are purchasing for confidential from sites such as Zoopla. How do I ensure this is not noted?
HMLR by statute are bound to note price paid data on the official title for domestic properties countrywide including properties in Frampton Cotterell. The Title Register is a public document, so HMLR would be breaking the law if they did not allow access to the register.
You can make a request of HMLR to hide the amount paid entry but the answer will be in the negative.