When will exchange of contracts take place for sale conveyancing in Cottenham Park and do I need to attend the conveyancers branch?
If you are round the corner to one of the conveyancing solicitors in Cottenham Park you are welcome to come in to sign contracts. That being said, the law practices we recommend offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you digitally. The executing of the purchase agreement is not the point of no return. A signed contract is just a prerequisite for the firm to exchange contracts at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Cottenham Park)to be in the office at the appropriate time.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Cottenham Park. 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 Aldermore, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Aldermore will require that you use a conveyancer on the Aldermore 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 Aldermore 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 Aldermore mortgage is registered as a charge at the Land Registry.
I am the only recipient of my late mum's estate with all property in now in my sole name, including the my former home in Cottenham Park. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I understand that there is a CML 6 month 'rule', which means that my proprietorship could be regarded the same way as if I'd bought the house in October. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How practical a view mortgage companies take of it, depend on the bank as this provision is primarily there to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.
My partner and I are at the point of looking at apartments in Cottenham Park and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Nationwide.
It would be prudent to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are getting a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
I am currently in the process of buying my council flat in Cottenham Park. I have a mortgage agreed with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
I know that there are debates on Chancel Insurance on online forums. Do I require this when acquiring a property in Cottenham Park? or I am told that there is an ancient law that could mean that homeowners living in a parish church boundary will be compelled to contribute towards maintenance to the chancel within the church. Is this suitable for conveyancing in Cottenham Park?
Unless a previous acquisition of the property completed post 12 October 2013 you may take it that solicitors delivering conveyancing in Cottenham Park to continue to propose a a chancel search and or chancel repair liability insurance.
I used Action Conveyancing several years past for my conveyancing in Cottenham Park. I now require my file however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Cottenham Park of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.