My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Upper Holloway. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
Given you intend to refinance then Virgin Money will insist on your using 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 does a local search reveal regarding the house we're buying in Upper Holloway?
Upper Holloway conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for example Onsearch The local search plays an important role in most Upper Holloway conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I'm buying my first flat in Upper Holloway with a mortgage from TSB. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about the side-deal as it may impact my loan with the bank. Do I keep my lawyer in the dark?.
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.
My husband and I are 14 days into a freehold purchase having been referred to solicitors by the estate agent to do our conveyancing in Upper Holloway. I am am extremely frustrated with the quality of service. Can you help me find new lawyers?
A solicitor would need to be really poor in order to consider changing them. Has your mortgage offer been generated? In the event that it has you will need to make them aware of the replacement conveyancer and have the loan are re-issued. The conveyancer should be on the lenders approved list to avoid added expenses and delays. That should be your first question of the new solicitors. Our find a solicitor tool will help you find a bank approved conveyancer for your conveyancing in Upper Holloway
I am considering appointing an online conveyancer as opposed to a Upper Holloway conveyancing practice. Any advice?
Advantages do exist in being able to pop in to a local Upper Holloway conveyancing solicitor such as
- signing papers on short notice
- often being able to speak to someone face-to-face can make a significant difference, particularly for non-standard transactions
- the ability to raise concerns if things need to addressed
When checking fees, look carefully for hidden extras. Most decent Upper Holloway high street solicitors give an all-inclusive figure. Many online agents seem to offer cheap prices, yet have burried 'extras' in the in the terms and conditions.