At what point will exchange of contracts happen for domestic conveyancing in Harold Wood and am I required to attend the lawyers office?
Where you are in close proximity to our conveyancing solicitors in Harold Wood you are welcome to come in to sign the paperwork. That being said, the firms we recommend provide a national conveyancing service and give as equally comprehensive and professional a job for you when communicating with you digitally. The executing of the property agreement is not when everything is set in stone. A signed contract is necessary for the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Harold Wood)to be in the office at the appropriate time.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Harold Wood. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then TSB will require that you use a conveyancer on the TSB 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 TSB 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 TSB mortgage is registered as a charge at the Land Registry.
Does a directory service exist listing Kent Reliance panel solicitors in Harold Wood on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings available over the internet. Where you are seeking to appoint a Harold Wood solicitor on the Kent Reliance please make the most of our tool.
My fiancee and I are in the process of looking at apartments in Harold Wood and I am about to put in an offer. Is it sensible to have a lawyer on ‘stand by’? I am planning to take a home loan with RBS.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are getting a mortgage with RBS, make sure you remember to check that your lawyer is on the RBS conveyancing panel.
Having digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Harold Wood solicitor - who is on the Yorkshire BS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Harold Wood surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I appreciate that there are debates on Chancel Insurance on online forums. Do I require this when acquiring a residence in Harold Wood? or Apparently there is a law dating back centuries that could mean that house owners living in a parish church boundary may be liable to contribute towards repairs towards the chancel in proximity to the church. Is this relevant for conveyancing in Harold Wood?
Unless a previous acquisition of the property took place after 12 October 2013 you may assume that conveyancing practitioners carrying out conveyancing in Harold Wood to remain recommending a chancel search and or chancel repair liability insurance.
I'm purchasing a new build house in Harold Wood with a mortgage from Leeds Building Society. The sellers would not reduce the price so I negotiated £7000 of additionals instead. The house builders rep advised me not disclose to my solicitor about this side-deal as it would affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 am looking for a leasehold apartment up to £245,000 and found one round the corner in Harold Wood I like with a park and railway links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Harold Wood suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage that many years will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.