My uncle passed away last year and as sole heir and executor I was left the house in Fenstanton. 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 Yorkshire BS, pay off the mortgage. Is this allowed?
If you plan to refinance then Yorkshire BS will require that you use 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.
Various web forums that I have come across warn that are the main cause of delay in Fenstanton conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Fenstanton.
Due to the encouragement of my in-laws I had a survey completed on a property in Fenstanton prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some lenders tend not give a loan on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you call us we can investigate further via 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 Fenstanton. Conveyancing may be slightly more expensive based on your lender's requirements.
In scouring the web for the words on line conveyancing in Fenstanton it reveals numerous solicitorslocally. How do I determine which is the suitable conveyancing solicitor for my move?
The ideal way of choosing the right conveyancer is through a personal referral, so enquire of colleagues and those you trust who have acquired a property in Fenstanton or a respected estate agent or mortgage broker. Charges for conveyancing in Fenstanton differ, so it's sensible to secure at least three quotes from different law firms. Make sure that you know that the charges are guaranteed not to escalate.
What type of premises does your Fenstanton conveyancing quotes apply to?
The quotes supplied are only relevant to standard residential premises in England & Wales. Where you have any different needs such as industrial or agricultural land or commercial conveyancing in Fenstanton you should contact us to discuss your requirements .