My grandfather passed away last year and as sole heir and executor I was left the house in Newtown. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
If you plan to refinance then Virgin Money will insist on your using a conveyancer on the Virgin Money 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 Virgin Money 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 Virgin Money mortgage is registered as a charge at the Land Registry.
Due to the input of my in-laws I had a survey completed on a house in Newtown before instructing conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will not give a mortgage on such a home.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Newtown. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to switch solicitor as I have to find a firm on the Leeds Building Society conveyancing list. I instructed a family conveyancing solicitor in Newtown five minutes from me but she is not accepted by Leeds Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Newtown on the Leeds Building Society panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Newtown. Using search facility on this page, you can scrutinise costs for conveyancing solicitors in Newtown and beyond.
We're new to the buying process - had an offer accepted, but the property agent told us that the owners will only proceed if we instruct the agent's chosen lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Newtown
We suspect that the seller is not behind this ultimatum. If they desire ‘a quick sale', turning down a genuine purchaser is likely to cause more damage than good. Contact the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you intend to use your preferred Newtown conveyancing firm - as opposed tothe ones that will earn their estate agent a referral fee or meet his conveyancing figures demanded by head office.
Is it the case that all Newtown property lawyers on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can pop into your high street lender branch in Newtown. Chances are that they can recommend conveyancing solicitors in Newtown