My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Potswood. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
Given you plan to refinance 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.
The deeds to our house can not be found. The lawyers who handled the conveyancing in Potswood 4 years ago no longer exist. What do I do?
As long as the title is registered the information relating to your proprietorship will be documented by the Land Registry with a Title Number. It is easy to carry out a search at the Land Registry, find your property and order up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will usually retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
How does conveyancing in Potswood differ for new build properties?
Most buyers of new build premises in Potswood come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Potswood usually purchase the land, 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 property lawyers 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 used to new build conveyancing in Potswood or who has acted in the same development.
I am using a search engine for the phrase cheap conveyancing in Potswood it reveals numerous property lawyerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The ideal method of finding the right conveyancer is via personal recommendation, so ask friends and those you trust who have bought a property in Potswood or the reputable estate agent or mortgage broker. Charges for conveyancing in Potswood differ, so it's sensible to request at least three costs illustrations from different companies. Dont forget to clarify what costs in the quote includes.
Can a conveyancer remove a person from the title of my property in Potswood ?
Extracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner