My grandmother passed away six months ago and as sole heir and executor I was left the property in Brislington. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this allowed?
Given you intend to re-mortgage then Yorkshire BS will insist on your using a conveyancer on the Yorkshire BS 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 Yorkshire BS 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 Yorkshire BS mortgage is registered as a charge at the Land Registry.
How does conveyancing in Brislington differ for newly converted properties?
Most buyers of new build premises in Brislington come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Brislington tend to acquire 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 accustomed to new build conveyancing in Brislington or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Brislington before appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brislington. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Brislington. I have discover a site which seems to have the perfect answer If it is possible to get all this stuff completed via web that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just started marketing my ground floor flat in Brislington. Conveyancing has not commenced, however I have just received a yearly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as usual because all rents and service invoices should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Brislington Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing
The answer will be useful as a) areas can cause problems in the building as the communal areas may start to deteriorate where services remain unpaid b) if the leaseholders have a dispute with the running of the building you will need to have all the details Be sure to find out if there are any onerous restrictions in the lease. For example some leases prohibit pets being permitted in certain buildings in Brislington. If you like the apartmentin Brislington however your dog is not allowed to make the move with you then you will be presented with a difficult choice. For many Brislington leaseholds the outlay for major works tend not to be incorporated into the maintenance charges, although there some managing agents in Brislington require leasehold owners to contribute towards a reserve fund created for the specific intention of establishing a fund for larger works.