My fiance’s brother is a property lawyer. I am hopeful that I will receive friends and family rates for conveyancing, However if that does not come materialise, what kind of costs should I be expecting for conveyancing in Waltham?

Do compare pricing. Make use of our search tool on this site. Whilst estimates seem to vary but service levels do differ between law firms as is true with the vast majority of professional services.

My uncle passed away last year and as sole heir and executor I was left the house in Waltham. 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 UBS, pay off the mortgage. Is this allowed?

If you intend to refinance then UBS will require that you use a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.

Me and my brother own a renovated Georgian property in Waltham. Conveyancing practitioner represented me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Nationwide Building Society to clarify?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Waltham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing practitioner who conducted the conveyancing.

How does conveyancing in Waltham differ for new build properties?

Most buyers of new build property in Waltham approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because builders in Waltham tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Waltham or who has acted in the same development.

What makes a Waltham lease defective?

There is nothing unique about leasehold conveyancing in Waltham. All leases are unique and drafting errors can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party.

A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Leeds Building Society, and Clydesdale all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.

Waltham Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

It would be prudent to enquire if the the lease contains any unreasonable restrictions in the lease. For instance some leases prohibit pets being permitted in in a block in Waltham. If you love the apartmentin Waltham however your dog can’t live with you then you will be presented with a hard determination. If a Waltham lease has less than eighty years it will impact the salability of the property. Check with your bank that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Walthamlease extensions you would need to own the residence for a couple of years before you are legally able to exercise a lease extension. The answer will be helpful as a) areas may result in problems for the building as the common areas may begin to deteriorate if services remain unpaid b) if the tenants have a dispute with the running of the building you will wish to know about it