My uncle passed away 10 months ago and as sole heir and executor I was left the property in Coleford. 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 Nottingham, pay off the mortgage. Is this possible?
If you intend to refinance then Nottingham will insist on your using a conveyancer on the Nottingham 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 Nottingham 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 Nottingham mortgage is registered as a charge at the Land Registry.
My wife and I are selling our home in Coleford and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a national conveyancing outfit rather than a conveyancing solicitor in Coleford. Having lived in Coleford for many years we know of no issue. Do we contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Due to the guidance of my in-laws I had a survey completed on a property in Coleford prior to appointing lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may refuse to issue a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Coleford. Conveyancing may be slightly more expensive based on your lender's requirements.
I am on look out for some leasehold conveyancing in Coleford. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.
If the lease is registered - and most are in Coleford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a 1st floor flat in Coleford, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Coleford with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 per annum. The lease ends on 21st October 2081
You have 57 years remaining on your lease we estimate the price of your lease extension to span between £28,500 and £33,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
On the look out for a conveyancing solicitor in Coleford. I thought I had one sorted but they are not on the panel for Principality. It would appear that these days most building societies only allow conveyancers on their panel. Very frustrating restricting the choice for the paying public. Please can you suggest a trustworthy Coleford conveyancing practitioner that can assist us as well as represent Principality?
LenderPanel.com is limited to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for Principality in certain locations for example Coleford . Our intention is not to recommend any specific conveyancing practitioner.