My uncle passed away last year and as sole heir and executor I was left the property in Pevensey Bay. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Nationwide will require that you use a conveyancer on the Nationwide 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 Nationwide 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 Nationwide mortgage is registered as a charge at the Land Registry.
2 months have gone by since my purchase conveyancing in Pevensey Bay took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 asset 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.
I am buying a new build flat in Pevensey Bay. 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.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Pevensey Bay
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey carried out on a property in Pevensey Bay ahead of retaining solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will not grant a loan on such a premises.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Pevensey Bay. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Pevensey Bay to see if the conveyancing will be more expensive.
Do I need to be concerned by brokers that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a local Pevensey Bay conveyancing practice?
As with lots of professional services, often input from relatives can be extremely useful or valuable. But there are many people with a keen interest in a conveyancing transaction; estate agents, financial adviser and mortgage companies may recommend solicitors to select. Sometimes the solicitors might be known to one of the organisations as being good in their field, but occasionally there exists a commercial relationship behind the endorsement. You are at liberty to appoint your own lawyer. However, bear in mind that most banks have an approved list of solicitors you are obliged to use for the lender related work in your house move.
I am buying a flat and cash is in place. My solicitor has been handed with two separate evidence of photographic identification, bank statement, endless utility bills. Now he needs a copy from a probate lawyer advising that the funds are in order and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Pevensey Bay conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.