My grandfather passed away six months ago and as sole heir and executor I was left the property in St Brides Major. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
Where you plan to refinance then Coventry BS will insist on your using a conveyancer on the Coventry BS 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 Coventry BS 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 Coventry BS mortgage is registered as a charge at the Land Registry.
Just had an offer accepted on a new build flat in St Brides Major. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in St Brides Major
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Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I am looking for a flat up to £235,500 and found one near me in St Brides Major I like with open areas and transport links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in St Brides Major suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the remaining unexpired lease term will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
In what way does the Landlord & Tenant Act 1954 impact my commercial property in St Brides Major and how can you help?
The particular law that you refer to affords a safeguard to commercial lessees, giving them the a statutory right to make a request to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. St Brides Major is one of our hundreds of locations in which the firms we work with are based
We are in the throes of selling our flat in St Brides Major. Conveyancing lawyers are doing their job but we have been asked to pay a fortune from the freeholder. So far we have issued a cheque for £268 for a leasehold management information and then a further £117.20 for additional queries supplied by the purchaser's conveyancer.
You will not have control over the extent of the bill for this information but the typical fee for the information for St Brides Major leasehold premises is £360. When it comes to St Brides Major conveyancing sales it is usual for the seller to cover the charges. The freeholder or their agents are under no statutory obligation to address these questions most will agree to do so - albeit often at high prices disproportionate to the work involved. Unfortunately there is no law that mandates fixed charges for administrative tasks. There is no prescriptive time limit by which they are duty bound to supply answers.