My aunt passed away six months ago and as sole heir and executor I was left the property in Salcombe. 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 TSB, pay off the mortgage. Is this allowed?
Where you intend to refinance then TSB will insist on your using a conveyancer on the TSB 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 TSB 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 TSB mortgage is registered as a charge at the Land Registry.
Can you point me to a directory of Nottingham panel solicitors in Salcombe on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings open the public over the internet. If you are seeking to appoint a Salcombe conveyancer on the Nottingham please use our tool.
I was told four weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Salcombe is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on an apartment in Salcombe accepted, the vendors do nevertheless have a connected purchase. The vendors have put an offer on a property, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have selected a high street conveyancing solicitor in Salcombe. What should be my next step? At what stage should I apply for the mortgage with Virgin Money?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Salcombe conveyancing search charges, etc). The first thing to do is check that your conveyancing practitioner is on the Virgin Money approved list. Regarding the subsequent stages this very much depends on the specifics of your case, motivation for the property and on the state of the market. In a buoyant market the majority of buyers would apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they request their lawyer to press on with searches.
Despite weeks of looking the Title Certificate and documents to my house are lost. The conveyancers who conducted the conveyancing in Salcombe 4 years ago no longer exist. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your conveyancer should know precisely where to locate all the suitable paperwork so you can buy or dispose of your property without a hitch. Where copies are not available, your conveyancer can put in place insurance or indemnities protecting you against future claims on the property.
I am buying a new build house in Salcombe with a mortgage from Godiva Mortgages Ltd. The sellers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not inform my conveyancer about the extras as it may put at risk my loan with Godiva Mortgages Ltd. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
What does commercial conveyancing in Salcombe cover?
Non domestic conveyancing in Salcombe incorporates a wide array of advice, provided by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Are you able recommend a good conveyancer to do the acquisition of a maisonette in Salcombe. We are hoping to secure the flat for £240000 with a mortgage from Yorkshire BS. We reside in Salcombe but dont care where they are.
LenderPanel.com is limited to being a directory service for conveyancers who want to be listed as being on the approved conveyancing panel for Yorkshire BS in certain locations for example Salcombe . We dont recommend any particular lawyer.