I am due to exchange on the purchase of a property in Northampton but as a consequence of damage from a small fire at the property I have was able negotiate recompense from the owner in the sum of £2k taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract yet are not allowing this. Should they have been informed?
The being on a approved list is obliged to disclose to of any changes to the purchase price. If you prohibit your to report the price change to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Northampton.
My aunt passed away last year and as sole heir and executor I was left the property in Northampton. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to , pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then will insist on your using a conveyancer on the 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 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 mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Northampton is where the house is located. Can you offer any assistance?
Flying freeholds in Northampton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Northampton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Northampton 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.
Are there any apps to help search for a Northampton law firm on the conveyancing panel? I have a car and am happy to travel upto 10miles to meet the conveyancer.
You can use the facility on this website. Please pick a lender and your location and you will see a number of Northampton conveyancing lawyers locally. We have detailed some Northampton conveyancing firms at the bottom of this page and you can call them to verify if they are on the panel
My folks are unable to locate their Northampton land registry title on the website. They have a vague recollection 50 years ago when they purchased the property there were complications with Northampton not being recognised in some systems.
Nearly all premises in Northampton should show up. Have you attempted a search with simply the postcode. Usually it should identify all the properties within that postcode. Where recorded it will show up with a title number. Where they bought sixty years ago it's conceivable it may be not yet registered. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title deeds which might be with your parent’s mortgage company.