My uncle passed away six months ago and as sole heir and executor I was left the property in Bedminster. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Barclays, pay off the mortgage. Is this allowed?
If you intend to refinance then Barclays will insist on your using a conveyancer on the Barclays 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 Barclays 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 Barclays mortgage is registered as a charge at the Land Registry.
This question may be naive but I am unseasoned as a first time purchaser of a ground floor flat in Bedminster. Do I collect the keys to the property on completion from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Bedminster?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the owner’s lawyers, and once they have received this, you should be called to collect the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
When it comes to mortgage companies such as Nationwide, do Bedminster conveyancers incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Two weeks ago we had a mortgage agreed in principle with Yorkshire BS. Bedminster conveyancing practitioners are chosen. How long does it take for Yorkshire BS to issue the offer to the conveyancer?
Some lenders take longer than others. Have Yorkshire BS completed the survey? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
What can a local search reveal regarding the property I am purchasing in Bedminster?
Bedminster conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company such as Searches UK The local search plays an important role in many a Bedminster conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I'm refinancing my current home to a BTL loan with Virgin Money and I will use the ballance of the raised equity as a down payment on further house. The location we are looking at is Bedminster. Will your lawyers be able to act for both sets of lenders and tie in the conveyances?
Do use our search tool on this site to be sure that the solicitors are approved by both lenders. Having checked that they are the solicitor should be able to tie up the two transactions but you should talk with you solicitor and communicate your desired outcome and requirements.
Should I go with a Bedminster conveyancing solicitor who is local to the property I am hoping to buy? An old friend can perform the legal formalities but his firm is located 300kilometers away.
The primary upside of using a high street Bedminster conveyancing practice is that you can pop in to sign paperwork, hand in your ID and apply pressure on them where appropriate. Having local Bedminster know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that must trump using an unknown Bedminster conveyancing solicitor solely due to them being Bedminster based.