My uncle passed away 10 months ago and as sole heir and executor I was left the house in Rye. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this possible?
Given you intend 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.
What will a local search reveal about the house I am purchasing in Rye?
Rye conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for example Onsearch The local search is essential in every Rye conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Just acquired a terraced house in Rye , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Rye conveyancing solicitor works at snail pace, so I want to be sure that my purchase is registered.
There is nothing unique when it comes to conveyancing in Rye registration formalities. Rather than based on location, timescales can differ according to the party submitting the application, whether there are errors and if the Land registry must send notices to any other parties. As of today approximately three quarters of such applications are fully addressed within two weeks but occasionally there can be longer delays. Historically registration is effected once the new owner is living at the premises thus 'speed' is not typically primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.
I'm buying a new build house in Rye with the aid of help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not to tell my solicitor about this side-deal as it will adversely affect my mortgage with the lender. Is this normal?.
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 opted to have a survey carried out on a house in Rye ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some lenders may refuse to issue a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Rye. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking for a conveyancing solicitor in Rye for my purchase. Can I see a solicitor's complaints history with the legal regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training reasons.