We are about to complete on the purchase of a property in Walton Merseyside but as a result of damage from a small fire at the property I have managed to agree compensation from the owner in the sum of £2k taking the form of a reduction in the price. This was going to be dealt with as part of amending the contract yet UBS will not permit this. Should they have been notified?
The conveyancer that is on the UBS approved list is duty bound to inform UBS of any amendments to the sale price. If you prohibit your conveyancing practitioner to disclose the reduction to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Walton Merseyside.
At what point can the exchange of contracts take place for residential conveyancing in Walton Merseyside and am I required to attend the solicitors branch?
If you are near to one of the conveyancing solicitors in Walton Merseyside you are welcome to come in to sign documents. That being said, the lender approved solicitors we recommend offer countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when dealing with you by post or email. The executing of the purchase agreement is not the point of no return. A signed contract is necessary for the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Walton Merseyside)to be in the office at the appropriate time.
My grandfather passed away last year and as sole heir and executor I was left the house in Walton Merseyside. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Lloyds will insist on your using a conveyancer on the Lloyds 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 Lloyds 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 Lloyds mortgage is registered as a charge at the Land Registry.
We are one month into a leasehold purchase having been referred to a firm by the local agent to do our conveyancing in Walton Merseyside. We are not happy. Could you you assist me in finding new solicitors?
They would have to be very poor to suggest diss instructing them. Has your loan offer been sent? In the event that it has you will need to advise them of the new conveyancer and ensure the loan are re-sent. Your new conveyancer needs to be on the mortgage company panel to avoid added expenses and delays. So that should be your starting point. Our search tool can help you find a lender approved solicitor for your conveyancing in Walton Merseyside
After what seems like an age I have had an offer on an flat in Walton Merseyside agreed to, the seller does however have a connected purchase. The owners have submitted an offer on a property, however it’s not yet agreed to, and has viewings of other flats booked. I have instructed a nearby conveyancing solicitor in Walton Merseyside. What should be my next step? When should I get the mortgage application with Barclays going with Barclays?
It is standard to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then valuation, Walton Merseyside conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the Barclays approved list. Regarding the subsequent phase this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. In a rising market many buyers would apply for a home loan with Barclays and arrange for the valuation and only if it comes back ok would they pay their conveyancer to proceed with the conveyancing in Walton Merseyside.