We are due to complete on the purchase of a property in Woolavington but as a consequence of damage from the recent storms I have managed to agree recompense from the current proprietors in the sum of six thousand pounds taking the form of a adjustment in the price. This was going to be dealt with as part of the conveyancing process but Virgin Money will not permit this. Why were they approached?
The conveyancer that is on a Virgin Money approved list is required to inform Virgin Money of any amendments to the purchase price. If you were to refuse your conveyancing practitioner to disclose the reduction to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new solicitor for your conveyancing in Woolavington.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Woolavington. 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 Barclays, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then Barclays will insist on your using a conveyancer on the Barclays 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 Barclays 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 Barclays mortgage is registered as a charge at the Land Registry.
I am buying a new build flat in Woolavington. 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 enquiries that you may expect your new-build leasehold conveyancing in Woolavington
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
How do I use the search facility to get a fee calculation from a conveyancing solicitor in Woolavington on the approved list for my bank?
1st choose a mortgage company such as Santander, Virgin Money or Godiva Mortgages Ltd then type in your preferred area for instance Woolavington. Conveyancing practices in Woolavington and nationally will then be listed.
I need to retain a conveyancing solicitor for some conveyancing in Woolavington. I happened to stumble upon a site which seems to have the ideal answer If there is a chance to get all the legals completed via web that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?