My uncle passed away last year and as sole heir and executor I was left the house in Corfe Castle. 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 TSB, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then TSB will insist on your using 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.
Me and my brother have a 4 bedroom Edwardian house in Corfe Castle. Conveyancing practitioner represented me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Corfe Castle and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Corfe Castle differ for new build properties?
Most buyers of new build premises in Corfe Castle approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Corfe Castle tend to 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 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 used to new build conveyancing in Corfe Castle or who has acted in the same development.
We're novice buyers - agreed a price, yet the selling agent has warned us that the vendor will only issue a contract if we instruct their preferred solicitors as they want an ‘expedited deal’. We would rather use a family conveyancer used to conveyancing in Corfe Castle
It is improbable the sellers are behind this. Should the owner desire ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Corfe Castle conveyancing lawyers - rather thanthe ones that will earn their negotiator at the agency a introducer fee or hit his conveyancing targets pre-set by head office.
My mum and dad are encountering difficulties in finding their Corfe Castle land registry title on the site. They have a vague memory 48 years ago when they purchased the property there were complications regarding Corfe Castle not being identified on some systems.
Almost all premises in Corfe Castle should show up. Have you tried a search with simply the postcode. Usually it will mention all the premises within that postcode. Where registered it will be there with a title number. If they bought back in the 60’s it's conceivable it may be unregistered. The property could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title documentation which might be with your parent’s lender.