My grandmother passed away last year and as sole heir and executor I was left the house in Tanworth In Arden. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Co-operative will require that you use a conveyancer on the Co-operative 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 Co-operative 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 Co-operative mortgage is registered as a charge at the Land Registry.
I need some quick conveyancing in Tanworth In Arden as I have pressure to exchange contracts within one month. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are not taking a mortgage you have the choice not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Tanworth In Arden the following are instances of issues that can appear and therefore impact the marketability of the property: Enforcement Notices, Overdue Charges, Overdue Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Tanworth In Arden is the location of the property. Can you shed any light on this issue?
Flying freeholds in Tanworth In Arden are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tanworth In Arden you would need to get your solicitor to go 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 Tanworth In Arden may ascertain 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.
I'm remortgaging my existing home to a buy to let loan with Clydesdale and I will use the rest of the raised equity as a deposit on another house. The location we are interested in is Tanworth In Arden. Will your conveyancers be able to act for both sets of mortgage companies and link together the transactions?
Make use of our search tool on this site to ensure that the lawyers are on the appropriate lender panels. Assuming that they are the conveyancer will be able to connect the two conveyancing matters but you should have a chat with you solicitor and make apparent your expectations and needs.
I today plan to offer on a house that seems to be perfect, at a reasonable price which is making it more attractive. I have since found out that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Tanworth In Arden. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Tanworth In Arden ?
Most houses in Tanworth In Arden are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Tanworth In Arden in which case you should be shopping around for a Tanworth In Arden conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer will advise you fully on all the issues.
Leasehold Conveyancing in Tanworth In Arden - A selection of Queries before buying
Be sure to investigate if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being allowed in certain buildings in Tanworth In Arden. If you love the propertyin Tanworth In Arden however your dog is not allowed to make the move with you then you have a very difficult compromise. Please inform me if there are any major works in the planning that could add a premium to the service costs? Its a good idea to discover as much as possible about the company managing the building as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the tidiness of the communal areas. Ask prospective neighbours if they are happy with them. On a final note, find out the dates that the service charges are due to the managing agents and precisely what you get for your money.