My uncle passed away last year and as sole heir and executor I was left the property in Long Stratton. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this allowed?
Where you intend to refinance then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland 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 Bank of Ireland 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 Bank of Ireland mortgage is registered as a charge at the Land Registry.
My partner and I are selling our house in Long Stratton and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any high street Long Stratton lawyer would know this is not the case. For the life of me I don't know why the buyers are using a factory type conveyancing outfit rather than a conveyancing solicitor in Long Stratton. Having lived in Long Stratton for 4 years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation need.
It would appear that you have a conveyancing firm already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Have completed on a a semi-detached house in Long Stratton , What is the estimated time for the Land Registry to register the transfer to my name? My Long Stratton conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.
There is nothing unique when it comes to conveyancing in Long Stratton registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and whether the Land registry communicate with any 3rd persons or bodies. Currently approximately 80% of submission are fully addressed within two weeks but some can be subject to extensive hold-ups. Historically registration takes place after the buyer has moved in to the property therefore post completion formalities is not usually top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer must speak with the land registry and explain the circumstances.
I have been on the look out for a ground for flat up to £305k and found one near me in Long Stratton I like with a park and railway links in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Long Stratton suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage that many years will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I am in need of some leasehold conveyancing in Long Stratton. Before diving in I require certainty as to the remaining lease term.
If the lease is registered - and 99.9% are in Long Stratton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a ground floor flat in Long Stratton, conveyancing having been completed in 2002. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Long Stratton with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease ends on 21st October 2101
You have 76 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
Why is it not possible to complete my conveyancing in Long Stratton on Easter Monday?
Because on completion the money needs to be transferred electronically between the banks of the purchaser and seller's conveyancer and currently this can only take place on a working day. So you can't complete on a saturday or sunday either.