My uncle passed away 10 months ago and as sole heir and executor I was left the house in Cambridge. 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 possible?
If you intend to refinance then UBS will insist on your using 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.
Should commercial conveyancing searches disclose planned roadworks that could affect a commercial premises in Cambridge?
Its becoming the norm that commercial conveyancing solicitors in Cambridge will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Cambridge. 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 Cambridge.
For each commercial conveyancing transaction in Cambridge it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Cambridge commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Cambridge.
I used Wolstenholmes several years ago for my conveyancing in Cambridge. Now, I need my documents however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Cambridge of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Cambridge differ for newly converted properties?
Most buyers of new build residence in Cambridge approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Cambridge tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Cambridge or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Cambridge ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend refuse to issue a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cambridge. Conveyancing will be smoother if you use a solicitor in Cambridge especially if they regularly deal with such properties in Cambridge.