My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Newcastle upon Tyne. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this allowed?
If you plan to refinance then Nottingham will insist on your using a conveyancer on the Nottingham 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 Nottingham 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 Nottingham mortgage is registered as a charge at the Land Registry.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Newcastle upon Tyne is the location of the property. Can you offer any guidance?
Flying freeholds in Newcastle upon Tyne are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Newcastle upon Tyne you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newcastle upon Tyne 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.
How simple is it to swap conveyancer as I need to instruct one who is on the Yorkshire Building Society conveyancing panel. I had appointed a high street conveyancing solicitor in Newcastle upon Tyne round the corner but he is not approved by Yorkshire Building Society
It would be our pleasure to help you select a conveyancing solicitor in Newcastle upon Tyne on the Yorkshire Building Society panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Newcastle upon Tyne. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Newcastle upon Tyne.
I’m about to sell my ground floor apartment in Newcastle upon Tyne. Conveyancing is yet to be initiated, but I have just had a quarterly maintenance charge demand – Do I pay up?
The sensible thing to do is pay the maintenance contribution as you normally would as all ground rent and service charges should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Newcastle upon Tyne - A selection of Questions you should ask Prior to Purchasing
-
It would be sensible to find out if there is anything that is prohibited in the lease. For example it is very common in Newcastle upon Tyne leases that pets are not permitted in in a block in Newcastle upon Tyne. If you love the propertyin Newcastle upon Tyne yet your dog can’t make the move with you then you have a very difficult decision. How long is the Lease? It is important to be aware if changing the roof or some other significant cost is due shortly to be shared by the leaseholders and will dramatically increase the the maintenance charges or necessitate a specific invoice.
We are first time buyers just having agreed a price on a property in Newcastle upon Tyne, and are about to get solicitors appointed. We have made use of the various comparison based websites and the results are from all across the the UK. Is it essential to have a Newcastle upon Tyne conveyancer local to the potential house? I am happy to do all the communicating over the web, but I assume at some stage we may need to physically go into the conveyancer's office to sign documents?
The property lawyer does not need to be in Newcastle upon Tyne, but choosing local means that you have the option to visit their offices if you need to, for instance, if a signature is immediately necessary. Also, a Newcastle upon Tyne solicitor is likely to be familiar with local agents and (if the vendor has chosen a local conveyancer) with them, which will help smooth the process.