We are about to complete on the purchase of a property in Northampton but as a consequence of wreckage from a small fire at the property I have was able negotiate compensation from the seller in the sum of £3k by way of a deduction in the price. This was going to be addressed as part of amending the contract yet will not permit this. Why were they involved?
Any that is on a approved list is obliged to inform of any variations to the sale price. If you were to refuse your to disclose the reduction to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Northampton.
My aunt passed away last year and as sole heir and executor I was left the house in Northampton. 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 , 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Northampton is where the house is located. What do you suggest?
Flying freeholds in Northampton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Northampton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Northampton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I locate a Northampton solicitor on the conveyancing panel? I am a keen cyclist and am happy to travel upto 10miles to meet the conveyancer.
You can use the tool on this page. Please pick a mortgage company and your location and you will see a number of Northampton conveyancing lawyers locally. We have detailed some Northampton conveyancing firms at the bottom of this page and you can ring them to verify if they are on the member panel
My mum and dad are having problems in finding their Northampton land registry title on the online search facility. They recall that 50 years ago when they bought the bungalow there were complications with the address not being recognised in some systems.
Nearly all premises in Northampton should appear. Have you tried a search to simply the postcode. Normally it should mention all the properties inside that postcode. Assuming the property is recorded it will be there with a title number. If they bought back in the 60’s it's conceivable it may be not yet registered. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title deeds which may be with your parent’s mortgage company.