My aunt passed away last year and as sole heir and executor I was left the property in Cumbria. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then TSB will insist on your using a conveyancer on the TSB 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 TSB 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 TSB mortgage is registered as a charge at the Land Registry.
My friend suggested that if I am purchasing in Cumbria I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Cumbria conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Cumbria around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Cumbria.
Just bought a detached house in Cumbria , how long will it take for the Land Registry to register the transfer to my name? My Cumbria conveyancing solicitor works at snail pace, so I want to check that my ownership is registered.
There is nothing unique when it comes to conveyancing in Cumbria registration formalities. Rather than based on location, timescales can differ according to who lodges the application, whether there are errors and if the Land registry must send notices to any other parties. Currently in the region of three quarters of submission are completed within two weeks but occasionally there can be protracted delays. Registration is effected once the buyer has moved in to the property thus 'speed' is not always top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
Am I better off to use a Cumbria conveyancing lawyer based in the vicinity that I am buying? We have a good friend who can perform the conveyancing but her office is over three hundred miles drive away.
The benefit of a high street Cumbria conveyancing practice is that you can attend the office to execute documents, hand in your ID and apply pressure on them where appropriate. Having local Cumbria know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were impressed that must surpass using an unknown Cumbria conveyancing lawyer solely due to them being local.
My wife and I purchased a leasehold flat in Cumbria. Conveyancing and Chelsea Building Society mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Cumbria who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Cumbria conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a 2 bed flat in Cumbria, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Comparable flats in Cumbria with a long lease are worth £211,000. The ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2092
With just 68 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.