My uncle passed away last year and as sole heir and executor I was left the house in Redruth. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
Where you plan to refinance then UBS will require that you use a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
Can you point me to a directory of HSBC panel solicitors in Redruth on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available online. Where you are looking for a Redruth solicitor on the HSBC please use our tool.
My offer was accepted on a house in Redruth on 4/10/2021, valuation was booked 2 days after, received a clean bill of health. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Are Nationwide entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on a maisonette in Redruth accepted, but there is a chain. The owners have offered on a flat, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Redruth. What should be my next step? When should I get the mortgage application with Aldermore going?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then survey, Redruth conveyancing search fees, etc). The first course of action is to check that your solicitor is on the Aldermore conveyancing panel. Concerning the subsequent stages this very much dictated by the specifics of your transaction, motivation for the property and on the state of the market. During a rising market the majority of buyers would apply for the mortgage with Aldermore and arrange for the valuation and only if it comes back ok would they request their conveyancer to move forward with the conveyancing in Redruth.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial estate in Redruth?
Its becoming the norm that commercial conveyancing solicitors in Redruth will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Redruth. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Redruth.
For every commercial conveyancing transaction in Redruth it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Redruth commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Redruth.
I am purchasing a new build house in Redruth with a mortgage from HSBC Bank. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The house builders rep advised me not to tell my lawyer about this deal as it could affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How do I identify a Redruth law firm on the Nottingham Building Society conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the lawyer.
You can use the facility on this page. Please choose the mortgage company and your location and you will see a number of Redruth conveyancing lawyers located nearest you. We have listed some Redruth conveyancing firms at the bottom of this page and you can ring them to see if they are on the Nottingham Building Society approved list