My grandfather passed away last year and as sole heir and executor I was left the house in Mold. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Principality will insist on your using 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.
I need some fast conveyancing in Mold as I am under an ultimatum to exchange contracts within one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no law firm would advise that you don't. Drawing on our experience of conveyancing in Mold the following are instances of what can arise and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
I used Action Conveyancing a few years ago for my conveyancing in Mold. Now, I need my files however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Mold of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Mold differ for new build properties?
Most buyers of new build premises in Mold approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Mold usually buy the site, 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 property lawyers 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 used to new build conveyancing in Mold or who has acted in the same development.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Mold. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Mold ?
Most houses in Mold are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Mold in which case you should be shopping around for a Mold conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the property is part of an estate. Your lawyer will appraise you on the various issues.
I invested in buying a 1st floor flat in Mold, conveyancing formalities finalised January 2000. 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? Corresponding properties in Mold with a long lease are worth £180,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2080
With just 59 years left to run we estimate the premium for your lease extension to range between £20,900 and £24,200 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
I am searching for Mold conveyancing quotes online. Can I be confident that all the Mold firms that are identified on your website are on the mortgage company conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Mold firm being on the mortgage company conveyancing panel is incorrect.