My uncle passed away 10 months ago and as sole heir and executor I was left the house in Seven Sisters. 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 RBS, pay off the mortgage. Is this allowed?
Where you intend to re-mortgage then RBS will insist on your using a conveyancer on the RBS 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 RBS 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 RBS mortgage is registered as a charge at the Land Registry.
What is the difference between a licensed conveyancer and conveyancing solicitor in Seven Sisters
There are many registered licenced Conveyancers in Seven Sisters and Solicitor practices in Seven Sisters offering conveyancing We would stress that the two are regulated professionals specialising in the legal work in transferring property. The two can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
My husband and I have organised a further advance on our mortgage from Leeds Building Society as we wish to conduct alterations to our house in Seven Sisters. Do we need to appoint a high street Seven Sisters solicitor on the Leeds Building Society conveyancing panel to handle the paperwork?
Leeds Building Society do not ordinarily instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society conveyancing panel.
I have finally had an offer on a flat in Seven Sisters accepted, the sellers do nevertheless have a dependent purchase. The sellers have put an offer on on an apartment, but it’s not yet tied up, and are looking at other apartments in the pipeline. I have selected a local conveyancing solicitor in Seven Sisters. What should be my next step? When do I get the mortgage application with Aldermore started?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Seven Sisters conveyancing search costs, etc). The first thing to do is check that your lawyer is on the Aldermore conveyancing panel. Concerning the subsequent steps this very much dictated by the circumstances of your transaction, motivation for this property and on the state of the market. During a hot market some home buyers would apply for the mortgage with Aldermore and arrange for the valuation and only if it comes back ok would they ask their solicitor to move forward with searches.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who dealt with the conveyancing in Seven Sisters 10 years ago have long since closed. What are my next steps?
These day there are duplicates made of almost everything, and your solicitor should know precisely where to find all the relevant documentation so you may purchase or dispose of your house without a hitch. If copies can’t be found, your lawyer may be able to put in place insurance or indemnities protecting you against possible claims on the property.
I'm purchasing a new build house in Seven Sisters with a mortgage from Santander. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about this deal as it will adversely affect my mortgage with the lender. Should I keep quiet?.
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 am tempted by the attractive purchase price for a couple of maisonettes in Seven Sisters both have in the region of forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Seven Sisters. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the value of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this field.
I own a basement flat in Seven Sisters. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Seven Sisters conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Seven Sisters property is 22 Wakefield Road in January 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 9th May 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,400 This case related to 2 flats. The unexpired residue of the current lease was 74.13 years.
I'm going to be buying a flat very soon in Seven Sisters. I am in need of a Seven Sisters conveyancing solicitor. My family solicitor is located in N.Ireland and unable to assist.Can you refer me to a good Seven Sisters solicitor that would help us as well as represent Santander?
The purpose of this site is restricted to being a directory service for lawyers who wish to be listed as being on the approved conveyancing panel for Santander in certain locations for example Seven Sisters . Our intention is not to recommend any particular conveyancer.