My grandfather passed away six months ago and as sole heir and executor I was left the property in Llanbradach. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Given you intend to refinance then Nottingham will require that you use a conveyancer on the Nottingham 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 Nottingham 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 Nottingham mortgage is registered as a charge at the Land Registry.
What is your number one tip for choosing a conveyancing solicitor in Llanbradach
It would be unwise to be tempted by the lowest Llanbradach 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 know exactly what you’ll have to pay in advance.
I happen to be the only recipient of my late grandmother’s will and I have everything in my name now, including the my former home in Llanbradach. The Llanbradach property was put into my name in August. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my property ownership will be treated the same way as though I had purchased the house in August. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Some lenders would take a pragmatic view as this requirement principally exists to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
My sealed bid on a semi in Llanbradach has been agreed to, but there is a chain. The owners have offered on a flat, however it’s not yet tied up, and are looking at other apartments in the pipeline. I have instructed a local conveyancing solicitor in Llanbradach. What should be my next step? At what point do I apply for the mortgage with Kent Reliance?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of £1k, then valuation, Llanbradach conveyancing search charges, etc). First, you should ensure that your conveyancer is on the Kent Reliance conveyancing panel. As to the subsequent stages this very much depends on the circumstances of your case, motivation for the property and on the state of the market. During a hot market many buyers would apply for the mortgage with Kent Reliance and arrange for the valuation and only if it comes back ok would they request their lawyer to proceed with searches.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Llanbradach?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Llanbradach. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Llanbradach is the location of the property. Is there any guidance you can give?
Flying freeholds in Llanbradach are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Llanbradach you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Llanbradach may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How do I find the right lawyer for my conveyancing in Llanbradach ?
Option 1 is to ask the people you trust who they used in the past and if they were happy with the service. Option 2 is to search the web for conveyancing in Llanbradach. Telephone a couple or more firms from the list and ask them to email you their conveyancing fees and discuss your needs with the solicitor who will conduct your conveyancing before you make your decision. Option 3 is to use our search tool to assist you in finding the right lawyers taking into account your unique requirements including location,speed, complexity and who the proposed lender is.Do not be fooled by lowest cost conveyancing solicitors in Llanbradach