My aunt passed away last year and as sole heir and executor I was left the property in Crewkerne. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to , pay off the mortgage. Is this possible?
If you plan to re-mortgage then will require that you use a conveyancer on the 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 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 mortgage is registered as a charge at the Land Registry.
Is there a list of panel conveyancers in Crewkerne on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings available online. Where you are looking for a Crewkerne on the please use our tool.
We are getting the release of further monies on our home loan from as we want to carry out improvements to our house in Crewkerne. Are we obliged to choose a bricks and mortar Crewkerne solicitor on the conveyancing panel to handle the paperwork?
don't usually require a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the list.
Two weeks ago we had a mortgage agreed in principle with . Crewkerne conveyancing lawyers have been selected. What is the average time that one could expect to receive a mortgage offer from ?
Some lenders take longer than others. Have conducted the survey? Have you informed as to your lawyers' details and checked that your lawyers are on the conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
3 months have gone by since my purchase conveyancing in Crewkerne concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 premises 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'm purchasing my first flat in Crewkerne with a loan from . The sellers refused to budge the amount so I negotiated 6k of additionals instead. The property agent told me not inform my lawyer about this side-deal as it would impact my loan with . Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Do I need to be concerned that estate agents that I am dealing with are recommending an online conveyancing firm as opposed to a High Street Crewkerne conveyancing firm?
As with many professional services, often input from relatives can be worth their weight in gold. Nevertheless there are many people with a keen interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all suggest solicitors to select. On occasion the conveyancers might be known to one of the organisations as being good in their field, but occasionally there is an underlying commercial relationship behind the endorsement. You have the right to appoint your own conveyancer. You need to be aware that most banks operate an approved list of solicitors you must use for the mortgage aspect of your house move.