My uncle passed away last year and as sole heir and executor I was left the property in Andover. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this allowed?
If you plan to refinance then Leeds Building Society will insist on your using a conveyancer on the Leeds Building Society 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 Leeds Building Society 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 Leeds Building Society mortgage is registered as a charge at the Land Registry.
Should commercial conveyancing searches reveal planned roadworks that could impact a commercial land in Andover?
Its becoming the norm that commercial conveyancing solicitors in Andover will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Andover. The report 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 Andover.
For each commercial conveyancing transaction in Andover it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Andover commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Andover.
Are there restrictive covenants that are commonly identified as part of conveyancing in Andover?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Andover. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing my first flat in Andover benefiting from help to buy. The sellers would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not inform my lawyer about the extras as it could put at risk my mortgage with Bank of Ireland. 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.
I am looking into buying my first house which is in Andover and I am already nervous. I couldn't find anything specific about Andover. Conveyancing will be needed in due course but do you know about the Andover area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Andover. In the meantime here are some basic statistics that we found