My grandmother passed away six months ago and as sole heir and executor I was left the property in Lifton. The house had a small mortgage remaining of approximately £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?
Given you intend to re-mortgage then Co-operative will require that you use 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.
Me and my brother own a semi-detached Edwardian house in Lifton. Conveyancing lawyer acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for 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 Lifton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Lifton differ for newly converted properties?
Most buyers of new build property in Lifton approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Lifton tend to 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 conveyancers 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 Lifton or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Lifton in advance of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will refuse to grant a mortgage on this type of property.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lifton. Conveyancing will be smoother if you use a solicitor in Lifton especially if they regularly deal with such properties in Lifton.
What is the best way to find the right lawyer for my conveyancing in Lifton ?
Option 1 is to ask your friends and family who they used in the past and if they were happy with the service. Option 2 is to search the web for conveyancing in Lifton. Phone two or three from the list and ask them to email you their conveyancing estimate and discuss your needs with the solicitor who will conduct your conveyancing before you make your choice. Option 3 is to use this site to assist you in finding the right solicitors for you based on your unique requirements including location,speed, complexity and who your intended lender is.Resist the temptation to appoint £99 conveyancing solicitors in Lifton