My uncle passed away last year and as sole heir and executor I was left the house in Acocks Green. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this possible?
Given you plan to refinance 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 purchasing a victorian detached house in Acocks Green. The intention is to carry out an extension to the side at the house.Will legal work on the property involve investigations to ascertain if these works are permitted?
Your solicitor will check the deeds as conveyancing in Acocks Green can on occasion identify restrictions in the title documents which restrict certain changes or necessitated the permission of another owner. Many works need local authority planning permissions and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these issues with a surveyor ahead of any purchase.
I happen to be the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Acocks Green. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my property ownership may be considered the same way as if I'd bought the house in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. many lenders would take a practical view as this clause is principally there to capture the purchase and immediately sell or the flipping of properties.
We have agreed to purchase a house in Acocks Green. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
As you are obtaining a mortgage with Principality your lawyer must follow the conveyancing requirements set out in Section two of UK Finance Lenders’ Handbook for Principality. The CML Handbook contains minimum provisions for solar panel roof-space leases, and solicitors are required to report to Principality where a lease does not comply with these requirements. The requirements relate to the installation of panels on properties countrywide and is not isolated to Acocks Green.
I have been on the look out for a flat up to £245,000 and identified one round the corner in Acocks Green I like with a park and station in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Acocks Green in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
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At this site obtain a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Acocks Green. Unlike many estate agents and brokerage sites we do not operate commission arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the most commission, not the best value conveyancing in Acocks Green
I have been told by many estate agents that it can take up to two months for Acocks Green conveyancing to complete.This was four weeks ago. The draft contract was only forwarded to my solicitor last week so now does it countdown?
No official countdown exists for conveyancing in Acocks Green, or any location. You just have to make sure your finances are in place and in due course the rest will come together.