When can the exchange of contracts occur in sale conveyancing in Old Ford and do I need to be at the solicitors office?
If you are in close proximity to one of the conveyancing solicitors in Old Ford you are welcome to come in to sign the paperwork. However, the law practices we work with offer countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when communicating with you electronically. The executing of the contract is not when everything is set in stone. A signed contract is necessary for the solicitor to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Old Ford)to be in the office at the appropriate time.
My aunt passed away 10 months ago and as sole heir and executor I was left the property in Old Ford. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Aldermore will insist on your using a conveyancer on the Aldermore 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 Aldermore 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 Aldermore mortgage is registered as a charge at the Land Registry.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Old Ford I like with amenity areas and transport links in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Old Ford suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I am looking into buying my first house which is in Old Ford and I am already nervous. I couldn't find anything specific about Old Ford. Conveyancing will be needed in due course but do you know about the Old Ford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Old Ford. In the meantime here are some basic statistics that we found
Should I use a Old Ford conveyancing lawyer based in the vicinity that I am hoping to buy? An old friend can perform the conveyancing however they are based approximately 350miles away.
The primary upside of using a local Old Ford conveyancing firm is that you can pop in to execute documents, hand in your ID and pester them where appropriate. Having local Old Ford know how is a plus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were happy that should trump using an unknown Old Ford conveyancing solicitor solely due to them being based in the area.
Are Old Ford conveyancing solicitors under an obligation to the Law Society to supply transparent conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Old Ford or or elsewhere in the country.