My aunt passed away last year and as sole heir and executor I was left the house in Salford. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then TSB will require that you use a conveyancer on the TSB 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 TSB 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 TSB mortgage is registered as a charge at the Land Registry.
How does conveyancing in Salford differ for newly converted properties?
Most buyers of new build property in Salford contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Salford usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Salford or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Salford prior to retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders may not give a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Salford. Conveyancing will be smoother if you use a solicitor in Salford especially if they are accustomed to such properties in Salford.
Taking into account that I will soon part with £400,000 on 3 bedroom house in Salford I wish to have a conversation with the conveyancer concerning thehouse move prior to instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be doing your property ownership legalities in Salford.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The solicitors that we put you in touch with believe that the figure you are provided with for your conveyancing in Salford should be the amount on the final invoice that you are charged.
My partner is buying a leasehold flat in Salford. Conveyancing estimates are averaging around £1650. Is that in the right ballpark?
The average fee last year for conveyancing in Salford was just over one thousand four hundred and fifty pounds not including Stamp Duty and HM Land Registry charges.