I plan on acquiring property in Wycombe Marsh. My Conveyancer has never been on on the mortgage company approved panel. Can I still continue with my Wycombe Marsh conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You have a couple of alternatives open to you here
- Proceed with your existing Wycombe Marsh conveyancing practitioner but your lender will need to instruct a conveyancer on their approved panel. This will result in additional cost together with potential interruption.
- Get a new conveyancing practitioner to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Convince your property lawyer to pull out all the stops to join the bank’s conveyancing panel
My uncle passed away 10 months ago and as sole heir and executor I was left the house in Wycombe Marsh. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland 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 Bank of Ireland 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 Bank of Ireland mortgage is registered as a charge at the Land Registry.
Various web forums that I have visited warn that are a common cause of obstruction in Wycombe Marsh conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in Wycombe Marsh.
I have been on the look out for a flat up to £245,000 and found one round the corner in Wycombe Marsh I like with amenity areas and railway links nearby, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Wycombe Marsh for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
As co-executor for the estate of my aunt I am disposing of a property in Swansea but reside in Wycombe Marsh. My solicitor (who is 200 kilometers awayneeds me to sign a stat dec before completion. Could you suggest a conveyancing solicitor in Wycombe Marsh who can witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Wycombe Marsh based