My grandfather passed away last year and as sole heir and executor I was left the house in Leighton Buzzard. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this possible?
Given you intend to re-mortgage then Principality will insist on your using a conveyancer on the Principality 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 Principality 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 Principality mortgage is registered as a charge at the Land Registry.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who conducted the conveyancing in Leighton Buzzard 4 years ago no longer exist. What do I do?
Assuming you have a registered title the information relating to your ownership will be recorded by HMLR under a Title Number. It is easy to execute a search at the Land Registry, locate your house and order up to date copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will usually hold a certified copy of the Registered Lease and again, a copy can be retrieved for a small fee.
How does conveyancing in Leighton Buzzard differ for new build properties?
Most buyers of new build residence in Leighton Buzzard come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Leighton Buzzard usually 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 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 Leighton Buzzard or who has acted in the same development.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have subsequently been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Leighton Buzzard. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Leighton Buzzard ?
The majority of houses in Leighton Buzzard are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Leighton Buzzard in which case you should be looking for a Leighton Buzzard conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As 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 freeholder’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is part of an estate. Your solicitor will advise you fully on all the issues.
I inherited a ground floor flat in Leighton Buzzard, conveyancing having been completed in 2004. How much will my lease extension cost? Corresponding flats in Leighton Buzzard with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2100
You have 79 years unexpired the likely cost is going to span between £7,600 and £8,800 plus 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 are not able to provide a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
I see that you have a search directory listing solicitors on the bank conveyancing panel. Do Leighton Buzzard conveyancing firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Leighton Buzzard.