The owners of the house we are looking to purchase have instructed a conveyancing solicitor in Tilehurst who has suggested a lock out agreement with a deposit 10k. Are such agreements recommended for Tilehurst conveyancing transactions?
This form of arrangement isn't frequently used in Tilehurst, conveyancers will often try and steer clients away from them as they detract from focusing on the main conveyancing focus and if you end up losing your deposit then the solicitor is left exposed. Furthermore, there is no guarantee that just because the owner has signed an exclusivity contract they will sell to you. They may be inclined to break the contract if they are offered a large enough financial inducement to do so because a wronged claimant with the benefit of a lockout agreement will still have to establish consequential losses from the breach and these may not amount to the extra amount that your vendor may gain by reneging on the agreement, however morally unworthy it undoubtedly is.
My aunt passed away 10 months ago and as sole heir and executor I was left the property in Tilehurst. 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 Clydesdale, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Clydesdale will require that you use a conveyancer on the Clydesdale 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 Clydesdale 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 Clydesdale mortgage is registered as a charge at the Land Registry.
This question may be naive but I am wet behind the ears as a 1st time buyer of a ground floor flat in Tilehurst. Do I receive the keys to the house on completion from my lawyer? If so, I will appoint a local conveyancing solicitor in Tilehurst?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be able to receive the keys from the property Agents and start moving into the property. Usually this happens between 1 and 3pm.
I have a mortgage with Kent Reliance for my property in Tilehurst. Conveyancing was finalised 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel firm.
Planning on purchasing a apartment in Tilehurst. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Tilehurst conveyancing practitioner is on the Skipton conveyancing panel.
Despite weeks of looking the Title Certificate and documents to my house are lost. The conveyancers who dealt with the conveyancing in Tilehurst 4 years ago no longer exist. What do I do?
Assuming the title is registered the information relating to your proprietorship will be retained by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, locate your house and secure current copies of the property title for less than a fiver. If the title is Leasehold then the Land Registry will usually hold a file copy of the Registered Lease and again, a copy can be ordered for a small fee.
Given that I will soon spend 450k on a two bedroom apartment in Tilehurst I would like to have a conversation with the conveyancer concerning thehome move before appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be conducting your property ownership legalities in Tilehurst.There is no ‘factory style conveyancing’ - each client is an important individual, not a case reference. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Tilehurst should be the amount on the final invoice that you end up paying.