My husband and I are purchasing a new build flat in Binfield and my solicitor is telling me that she is duty bound to the bank to reveal incentives from the developer. I am nearing the developer’s deadline to sign contracts and I have no desire to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My grandfather passed away last year and as sole heir and executor I was left the house in Binfield. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this possible?
Given you plan to refinance then Co-operative will require that you use a conveyancer on the Co-operative 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 Co-operative 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 Co-operative mortgage is registered as a charge at the Land Registry.
Have completed on a a semi-detached house in Binfield , how long should it take for the Land Registry to record my proprietorship? My Binfield conveyancing solicitor has been very slow, so I want to be certain that my name is registered.
There is nothing unique when it comes to conveyancing in Binfield registration formalities. As opposed to being determined by geographic area, timeframes can vary depending on the party submitting the application, whether it is in order and if the Land registry have to notify any 3rd persons or bodies. As of today in the region of three quarters of such applications are completed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration takes place after the buyer has moved in to the property thus an expedited registration is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
Due to the input of my in-laws I had a survey completed on a house in Binfield before appointing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will refuse to grant a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Binfield. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a couple of weeks into a residential purchase having been recommend to a firm by the local agent to execute conveyancing in Binfield. I am not happy. Could you help me find new lawyers?
A conveyancer would have to be really bad to suggest replacing them. Has your loan offer been generated? In the event that it has you must advise them of the new contact details and ensure the loan are issued to the new lawyers. Your new conveyancer should be on the mortgage company panel to avoid escalating costs and delays. That should be your first question of the new lawyers. Our find a solicitor tool should assist you in finding a lender approved lawyer for your conveyancing in Binfield