My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Cuffley. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
If you plan to re-mortgage then Skipton will insist on your using a conveyancer on the Skipton 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 Skipton 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 Skipton mortgage is registered as a charge at the Land Registry.
About to purchase maisonette in Cuffley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton 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 Cuffley conveyancing practitioner is on the Skipton conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Cuffley is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
After what feels like an age I have had an offer on an apartment in Cuffley accepted, the sellers do nevertheless have a tied purchase. The owners have offered on on an apartment, however it’s not been accepted yet, and have viewings of other apartments in the pipeline. I have chosen a nearby conveyancing solicitor in Cuffley. What should be my next step? When should I get the mortgage application with Lloyds going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then valuation, Cuffley conveyancing search charges, etc). First, you must check that your conveyancing practitioner is on the Lloyds approved list. Regarding the next steps this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. During a hot market many purchasers would apply for the mortgage with Lloyds and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to move forward with searches.
I am looking for a flat up to £235,500 and identified one close by in Cuffley I like with amenity areas and railway links nearby, however it only has 49 years on the lease. I can't really find anything else in Cuffley for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Are there any apps to help identify a Cuffley solicitor on the Aldermore conveyancing panel? I have a car and am prepared to travel upto 25miles to meet the solicitor.
You can use the tool on this page. Please select a bank and your location and you will see a number of Cuffley conveyancing lawyers based on proximity. We have detailed some Cuffley conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Aldermore panel
I today plan to offer on a house that appears to meet my requirements, at a great figure which is making it more attractive. I have just discovered that the title is leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Cuffley. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Cuffley ?
The majority of houses in Cuffley are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in Cuffley so you should seriously consider shopping around for a Cuffley conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the house is located on an estate. Your conveyancer should report to you on the legal implications.
I invested in buying a 2 bed flat in Cuffley, conveyancing having been completed May 1996. How much will my lease extension cost? Comparable flats in Cuffley with a long lease are worth £211,000. The ground rent is £45 per annum. The lease terminates on 21st October 2086
With just 67 years unexpired the likely cost is going to range between £10,500 and £12,000 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.