My aunt passed away 10 months ago and as sole heir and executor I was left the house in Baildon. 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 UBS, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then UBS will require that you use a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
What can a local search reveal regarding the house we're buying in Baildon?
Baildon conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search is essential in every Baildon conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
2 months have elapsed following my purchase conveyancing in Baildon took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is it possible to switch firm as I have to instruct a firm on the Alliance & Leicester conveyancing panel. I hired a local conveyancing solicitor in Baildon round the corner but he is not accepted by Alliance & Leicester
It would be our pleasure to help you find a conveyancing solicitor in Baildon on the Alliance & Leicester panel. Please note that the conveyancers that we on the directory do not pay us fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Baildon. In utilising search facility on this page, you can scrutinise fees for conveyancing solicitors in Baildon and beyond.
We own a leasehold flat in Baildon. Conveyancing was finished in 2011. I have heard that I should not allow the the remaining lease term to fall too short. What is the reasoning?
Baildon residential long term leases are for a prescribed period - usually 99 years when they are first granted. However many appartments in Baildon were built or converted in the 70’s80’s and so such leases now have under 80 years left to run. That may sound like plenty of time but Banks, Building Societies and other mortgage lenders on the whole require leases to have at least seventy five years remaining to adequate security. This means that when you come to sell the property you will need a lease extension if you are nearing eighty years. To enhance your property value you should be thinking about whether or not to extend your lease long before you come to sell it. Please note that there are advantages to doing so before the lease reaches even 80 years as when the lease is less than eighty years the amount to be paid to extend starts to increase.