My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Ampthill. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
Where you plan to refinance then Virgin Money will insist on your using a conveyancer on the Virgin Money 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 Virgin Money 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 Virgin Money mortgage is registered as a charge at the Land Registry.
I completed on my flat on 1 August and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Ampthill said it would be registered inside ten days. Are transfers in Ampthill uniquely lengthy to register?
As far as conveyancing in Ampthill registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether it is in order and whether the Land registry need to notify any interested parties. As of today in the region of three quarters of such applications are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place once the purchaser is living at the property therefore 'speed' is not always primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
My business partner and I are wishing to lease a unit on a shopping parade. Can you recommend conveyancers offering no-move-no fees for commercial conveyancing in Ampthill for below 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Ampthill, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the charges this will depend on the structure and nuances of the deal. Please provide us with your contact information or call us so that we may provide you with a fixed commercial conveyancing quote.
My husband and I are new to the buying process - agreed a price, but the agent informed us that the owners will only proceed if we use the agent's chosen lawyers as they want an ‘expedited deal’. We would rather use a local conveyancer who is familiar with conveyancing in Ampthill
It is improbable the sellers are driving this. Should the seller want ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Speak to the owners direct and make sure they understand (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you are going to appoint your own,trusted Ampthill conveyancing firm - rather thanthe ones that will give their estate agent a introducer fee or achieve conveyancing thresholds pre-set by HQ.
Due to exchange soon on a basement flat in Ampthill. Conveyancing lawyers inform me that they report fully next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Ampthill should include some of the following:
You should have a good understanding of the building insurance requirements Will you be prohibited or prevented from having pets in the property? Details of the parties to the lease, for instance these could be the lessee, superior lessor, freeholder if lease has a provision for a reserve account for major repairs? The total ownership of the premises. This could be the property itself but might incorporate a roof space or storage are if applicable.
Leasehold Conveyancing in Ampthill - Sample of Queries before buying
Who takes responsibility for maintaining and repairing the block? The answer will be helpful as a) areas can cause problems in the building as the common areas may begin to deteriorate where maintenance are not paid for b) if the leaseholders have an issue with the running of the building you will need to know about it Most Ampthill leasehold properties will be liable to pay a service bill for maintenance of the building set on behalf of the landlord. Should you purchase the property you will have to pay this amount, usually in instalments throughout the year. This could be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a ground rent to be met yearly, this is usually not a exorbitant sum, say approximately £25-£75 but you need to check as occasionally it could be prohibitively expensive.