My uncle passed away last year and as sole heir and executor I was left the property in West Bridgford. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then Yorkshire BS will require that you use a conveyancer on the Yorkshire BS 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 Yorkshire BS 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 Yorkshire BS mortgage is registered as a charge at the Land Registry.
My wife and I are purchasing a house in West Bridgford. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all West Bridgford solicitors on the Santander conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Santander approved list of solicitors they would need to be overseen by the SRA. Many banks do list licenced conveyancers on their panel and in that case the organisation would be regulated by the CLC.
We have agreed to purchase a house in West Bridgford. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
Given that your lender is Yorkshire BS your lawyer must follow the conveyancing requirements set out in Section two of UK Finance Lenders’ Handbook for Yorkshire BS. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Yorkshire BS where a lease fails to satisfy these specifications. The provisions relate to the installation of panels on properties countrywide and is not restricted to West Bridgford.
I have been told that property searches are the main cause of delay in West Bridgford house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in West Bridgford.
three months have elapsed following my purchase conveyancing in West Bridgford concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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 premises 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.
Due to the advice of my in-laws I had a survey completed on a house in West Bridgford prior to appointing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies tend refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with 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 West Bridgford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Bridgford to see if the conveyancing costs will increase in light of this.
Back In 2006, I bought a leasehold flat in West Bridgford. Conveyancing and Virgin Money mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1993. The conveyancing solicitor in West Bridgford who acted for me is not around. Any advice?
First contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a West Bridgford conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
West Bridgford Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing
-
Is anyone aware of any major works in the near future that could increase the maintenance costs? Does the lease contain onerous restrictions?