My grandfather passed away six months ago and as sole heir and executor I was left the house in Conwy. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Barclays, pay off the mortgage. Is this possible?
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.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Conwy?
Many commercial conveyancing solicitors in Conwy will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Conwy. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Conwy.
For every commercial conveyancing transaction in Conwy it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Conwy commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Conwy.
How does conveyancing in Conwy differ for newly converted properties?
Most buyers of new build residence in Conwy approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Conwy typically acquire the real estate, 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 property lawyers 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 Conwy or who has acted in the same development.
I have been advised by a number of selling agents in Conwy to locate a solicitor on your site. What’s the financial advantage for Estate Agents to promote your lawyers rather than a competitor’s?
We refuse to make any commission for directing people to this site. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Been on the hunt for a conveyancer for leasehold sale conveyancing in Conwy. I'm selling, simple no mortgage to pay off, no rush, currently empty. Had a quote from a lawyer for £800 plus VAT which is a tad high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Conwy?
As it’s a sale only, £500 + VAT would be about the lowest for a Conwy solicitor firm.