My aunt passed away six months ago and as sole heir and executor I was left the house in Langport. 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 Nationwide, pay off the mortgage. Is this allowed?
Given you intend to re-mortgage then Nationwide will require that you use a conveyancer on the Nationwide 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 Nationwide 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 Nationwide mortgage is registered as a charge at the Land Registry.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Langport is where the house is located. Can you offer any assistance?
Flying freeholds in Langport are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Langport you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Langport may decide 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 premises.
We're first time buyers - had an offer accepted, but the selling agent has warned us that the owners will only issue a contract if we use the agent's recommended solicitors as they want a ‘quick sale’. We would rather use a local conveyancer with experience of conveyancing in Langport
We suspect that the seller is not behind this demand. Should the seller desire ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make sure they understand (a)you are motivated buyers (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to instruct your preferred Langport conveyancing solicitors - not the ones that will earn their estate agent a introducer fee or hit his conveyancing figures demanded by HQ.
If all goes to plan we aim to complete the sale of our £225,000 apartment in Langport in nine days. The freeholder has quoted £420 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Langport?
Langport conveyancing on leasehold apartments more often than not involves the purchaser’s conveyancer sending enquiries for the landlord to address. Although the landlord is not legally bound to address such questions most will be content to do so. They are at liberty to invoice a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The management information fee required by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration fees, otherwise the invoice is not strictly payable. Reality however dictates that you have no option but to pay whatever is demanded should you wish to sell the property.
I purchased a 1 bedroom flat in Langport, conveyancing having been completed 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Langport with an extended lease are worth £216,000. The ground rent is £50 yearly. The lease comes to an end on 21st October 2093
You have 69 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
Finally our conveyancing in Langport is completing on Friday, however the sellers I am buying off has asked to vacate 24 hours later at at 2pm. Should I agree to this?
You can't complete on a Saturday because the bank systems are not working.