I am buying a house mortgage free in Bilborough. I have lived for the previous 20 years in Bilborough. Conveyancing searches are exorbitant. As I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then almost all of the Bilborough conveyancing searches are non-obligatory. Your solicitor will try and sway you, perhaps strongly, that you should have searches carried out, but he is duty bound to do this. Do take into account; if you are intend to sell the house at a future date, it may be of interest to your prospective purchaser what the searches determine. Sometimes houses with functional issues can still reveal adverse search results. A good conveyancing solicitor in Bilborough will be able to give you some constructive advice concerning this.
My uncle passed away last year and as sole heir and executor I was left the property in Bilborough. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Aldermore will insist on your using a conveyancer on the Aldermore 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 Aldermore 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 Aldermore mortgage is registered as a charge at the Land Registry.
I used Wolstenholmes several years past for my conveyancing in Bilborough. Now, I need the files but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bilborough of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Bilborough I like with amenity areas and station in the vicinity, however it only has 61 years on the lease. There is not much else in Bilborough in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
My husband and I are FTB’s - agreed a price, but the selling agent has warned us that the owners will only go ahead if we instruct the agent's recommended conveyancers as they want a ‘quick sale’. We would rather use a local conveyancer who is accustomed to conveyancing in Bilborough
We suspect that the owner is unaware of this requirement. Should the seller desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you will continue to instruct your preferred Bilborough conveyancing firm - not the ones that will earn the estate agent a referral fee or hit his conveyancing figures demanded by HQ.