Would the conveyancing solicitors identified through your search tool carry out auction conveyancing in Montpelier?
There are a number of niche lawyers we can connect you with those specialising in auction conveyancing. Montpelier is one of hundreds of locations where our lawyers are based.
My aunt passed away six months ago and as sole heir and executor I was left the property in Montpelier. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this allowed?
Given you intend to re-mortgage then HSBC will insist on your using a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
What will a local search inform me about the property we're purchasing in Montpelier?
Montpelier conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for instance PSG The local search plays an important part in most Montpelier conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
How does conveyancing in Montpelier differ for newly converted properties?
Most buyers of new build premises in Montpelier come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Montpelier typically buy 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 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 used to new build conveyancing in Montpelier or who has acted in the same development.
I decided to have a survey carried out on a house in Montpelier in advance of instructing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks will not issue a loan on such a house.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Montpelier. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Montpelier to see if the conveyancing costs will increase in light of this.