My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Abbey Wood. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this possible?
If you plan to refinance then Aldermore will require that you use 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 am the single recipient of my late mum's will with all property in now in my sole name, including the house in Abbey Wood. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership could be considered the same way as if I'd bought the house in November. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. many lenders would take a pragmatic view as this clause is principally there to pick up on subsales or the flipping of property.
My husband and I are in the throws of looking at flats in Abbey Wood and I am now considering a potential offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with Coventry BS.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. As you are getting a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
About to purchase maisonette in Abbey Wood. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Abbey Wood conveyancing practitioner is on the Co-operative conveyancing panel.
Do commercial conveyancing searches disclose proposed roadworks that could impact a commercial property in Abbey Wood?
Its becoming the norm that commercial conveyancing solicitors in Abbey Wood will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Abbey Wood. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Abbey Wood.
For each commercial conveyancing transaction in Abbey Wood it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Abbey Wood commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Abbey Wood.
I'm buying a new build house in Abbey Wood with a loan from Nottingham Building Society. The sellers would not move on the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not disclose to my solicitor about the deal as it would impact my loan with Nottingham Building Society. Is this normal?.
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.
We're FTB’s - had an offer accepted, but the selling agent told us that the vendor will only proceed if we use their chosen lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer who is familiar with conveyancing in Abbey Wood
It is highly unlikely the vendors are driving this. Should the owner require ‘a quick sale', turning down a serious purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you intend to use your own,trusted Abbey Wood conveyancing solicitors - as opposed tothe ones that will earn the negotiator at the agency a kickback or hit his conveyancing figures pre-set by corporate headquarters.