I was informed yesterday by my broker that my Shildon solicitor is not on the lender Conveyancing panel. How can I be certain if this is indeed the case?
The best course of action for you to take is to contact your Shildon conveyancer. You lawyer should inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
My grandfather passed away last year and as sole heir and executor I was left the property in Shildon. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
Where you plan to refinance then Santander will require that you use a conveyancer on the Santander 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 Santander 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 Santander mortgage is registered as a charge at the Land Registry.
Various internet forums that I have frequented warn that are the main reason for stalling in Shildon conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of slowing down conveyancing in Shildon.
Are there restrictive covenants that are commonly identified as part of conveyancing in Shildon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Shildon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm remortgaging my primary home to a buy to let loan with Leeds Building Society and I will use the ballance of the raised equity as a down payment on a second house. The location we are looking at is Shildon. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Do use our comparison tool on this page to ensure that the conveyancers are on the relevant lender panels. On the basis that they are your conveyancer will be able to connect the two transactions but you should talk with you conveyancer and specify your desired outcome and needs.
Due to complete next month on a ground floor flat in Shildon. Conveyancing solicitors assured me that they will have a report out to me on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Shildon should include some of the following:
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Responsibility for maintaining the window frames Repair and maintenance of the property Advice concerning the obligations as set out in the lease to pay service charges - in relation to the building, and the wider rights a leaseholder enjoys What remedies are open the freeholder should you have breached the provisions of the lease?
I am the registered owner of a studio flat in Shildon, conveyancing having been completed April 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Shildon with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease expires on 21st October 2101
With just 79 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.