My aunt passed away last year and as sole heir and executor I was left the property in Bala. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then HSBC will require that you use a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
I have justbecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in Bala for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bala conveyancing specialists.
How does conveyancing in Bala differ for new build properties?
Most buyers of new build residence in Bala contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Bala usually purchase the site, 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 Bala or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Bala before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend not grant a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bala. Conveyancing will be smoother if you use a solicitor in Bala especially if they are familiar with such properties in Bala.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Bala?
At this site secure an accurate quote from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Bala. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you choose them for your home move in Bala