We are a couple about to sign contracts for a freehold house in Strood. We encountered a problem. Our mortgage offer with Bank of Ireland runs out on 28/1/2019 but the vendors are suggesting a completion date of 30/1/2019. Is it possible to extend the loan expiry date?
The best person to deal with your concern is your solicitors who should assess if they should be discussing with the bank, vendor’s conveyancers, selling agents or indeed all three given the circumstances your house move to date.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Strood. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Virgin Money will require that you use a conveyancer on the Virgin Money 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 Virgin Money 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 Virgin Money mortgage is registered as a charge at the Land Registry.
What is the difference between a licensed conveyancer and conveyancing solicitor in Strood
Two types of professional can execute conveyancing in Strood namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that you need to complete the disposal or purchase of property. Both are required to handle Strood conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all requirements and steps should be suitably followed.
We are purchasing a terrace house in Strood. Our aim is to carry out a loft conversion at the property.Will legal due diligence on the property involve checks to determine if these alterations are permitted?
Your solicitor should check the registered title as conveyancing in Strood can occasionally reveal restrictions in the title documents which restrict certain alterations or need the permission of another owner. Some additions require local authority planning consent and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
Is it the case that all Strood CQS (Conveyancing Quality Scheme) solicitors are on the Barclays conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
Are there restrictive covenants that are commonly identified as part of conveyancing in Strood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Strood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What can I do to discover who is the owner of a property in Strood?
As long as the property is registered with HMLR, and you have the specifics of the location of the premises, you should be able to see details from the the Land Registry of the registered proprietor for a a minimal charge.