My uncle passed away last year and as sole heir and executor I was left the house in Hackney Marshes. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to , pay off the mortgage. Is this possible?

Given you plan to refinance then will require that you use a conveyancer on the 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 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 mortgage is registered as a charge at the Land Registry.

How does conveyancing in Hackney Marshes differ for new build properties?

Most buyers of new build premises in Hackney Marshes approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because builders in Hackney Marshes tend to acquire the land, 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 conveyancers 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 Hackney Marshes or who has acted in the same development.

I have been on the look out for a leasehold apartment up to £305k and found one round the corner in Hackney Marshes I like with a park and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Hackney Marshes for this price, so just wondered if I would be making a grave error acquiring a short lease?

If you require a mortgage that many years will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

Having had my offer accepted I require leasehold conveyancing in Hackney Marshes. Before diving in I would like to find out the unexpired term of the lease.

If the lease is recorded at the land registry - and 99.9% are in Hackney Marshes - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Hackney Marshes Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

How much is the ground rent and service charge? You should want to find out as much as possible concerning the managing agents as they can either make your life much simpler or problematic. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to every day matters like the tidiness of the communal areas. Ask other tenants whether they are happy with them. Finally, find out the dates that the maintenance fees are due to the managing agents and precisely what it includes. What is the name of the managing agents?

I am purchasing a flat and cash is in place. My solicitor has been supplied with with 2 distinct evidence of photo ID, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer advising that the funds are in order and that it has come from inheritance and not dealing E's in Ibiza.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Hackney Marshes conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.