My grandmother passed away last year and as sole heir and executor I was left the house in Bishopsworth. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Santander will insist on your using a conveyancer on the Santander 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 Santander 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 Santander mortgage is registered as a charge at the Land Registry.
Does a directory service exist listing Santander panel conveyancers in Bishopsworth on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of mortgage companies make their panel listings visible over the internet. Where you are seeking to appoint a Bishopsworth property lawyer on the Santander please make the most of our facility.
We have agreed to purchase a house in Bishopsworth. An unusual aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Clydesdale your lawyer must follow the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to Clydesdale where a lease does not comply with these requirements. The provisions relate to the installation of panels on properties countrywide and is not limited to Bishopsworth.
About to purchase maisonette in Bishopsworth. 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 Nationwide 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 Bishopsworth solicitor is on the Nationwide conveyancing panel.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Bishopsworth?
Its becoming the norm that commercial conveyancing solicitors in Bishopsworth will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Bishopsworth. 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 Bishopsworth.
For each commercial conveyancing transaction in Bishopsworth it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Bishopsworth commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Bishopsworth.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Bishopsworth I like with amenity areas and station nearby, however it only has 61 years on the lease. There is not much else in Bishopsworth in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I am downsizing from my home. My past conveyancers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Bishopsworth if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Bishopsworth. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.