My uncle passed away six months ago and as sole heir and executor I was left the house in Limehouse. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Coventry BS will insist on your using a conveyancer on the Coventry BS 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 Coventry BS 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 Coventry BS mortgage is registered as a charge at the Land Registry.
It has been 3 months following my purchase conveyancing in Limehouse concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £245,000 and identified one near me in Limehouse I like with a park and station nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Limehouse for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
In my capacity as executor for the estate of my grandmother I am disposing of a property in Monmouth but live in Limehouse. My solicitor (who is 200 miles from meneeds me to sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing practitioner in Limehouse to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are based in Limehouse
We are considering choosing an online property lawyer ahead of a Limehouse conveyancing firm. Any advice?
There are advantages of having the opportunity to pop in to a local Limehouse conveyancing solicitor such as
- signing documents same day
- often being able to speak to someone face-to-face can make a huge difference, particularly for more complex conveyancing
- the ability to complain if matters are not going as expected
When analysing quotes, look carefully for hidden extras. The majority decent Limehouse high street solicitors give an all-inclusive figure. Many online companies seem to offer discounted prices, but have burried 'extras' in the in the terms and conditions.