My grandfather passed away last year and as sole heir and executor I was left the house in Crediton. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this possible?
If you plan to re-mortgage then Co-operative will insist on your using a conveyancer on the Co-operative 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 Co-operative 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 Co-operative mortgage is registered as a charge at the Land Registry.
I can see plenty of here regarding conveyancing in Crediton but what is your top tip for choosing the right conveyancer in Crediton
It would be unwise to be tempted by the cheapest Crediton conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Forgive me if this question is silly but I am wet behind the ears as a 1st time buyer of a two bedroom flat in Crediton. Do I receive the keys to the premises on completion from my lawyer? If so, I will use a local conveyancing solicitor in Crediton?
On the day of completion you do not need to go to the conveyancers office in Crediton. Conveyancing lawyers for you will transfer the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you will be able to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
Principality have agreed my mortgage in principle, my bid on a flat in Crediton has been accepted, what happens next?
The estate agent will want to be informed of your solicitor's details (ensure that the solicitors are on the bank’s panel). Contact Principality or the financial adviser and finalise any outstanding documentation. Principality will instruct a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes about ten days to get a mortgage offer. Principality will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Crediton.
four months have elapsed following my purchase conveyancing in Crediton took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking into buying my first house which is in Crediton and I am already nervous. I couldn't find anything specific about Crediton. Conveyancing will be needed in due course but do you know about the Crediton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Crediton. In the meantime here are some basic statistics that we found
Partway through the sale of a leasehold flat in Crediton. Conveyancing solicitors are doing their job but we are being charged a fortune from the freeholder. So far we have issued a cheque for £295.50 for a leasehold management pack and then a further £117.20 for supplemental queries raised by the buyers lawyer.
You will not have any say over the level of the charges for this information but the average fee for the information for Crediton leasehold premises is £395. For Crediton conveyancing transactions it is standard for the seller to pay for these costs. The freeholder or their agents are under no statutory obligation to answer these questions most will be content to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Regretfully there is no law that requires fixed charges for administrative tasks. There is no statutory time limit by which they are duty bound to provide the information.