My grandfather passed away last year and as sole heir and executor I was left the property in Pound Hill. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this allowed?
If you intend to refinance then HSBC will insist on your using a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
Just bought a semi-detached house in Pound Hill , how long will it take for the Land Registry to record my title? My Pound Hill conveyancing solicitor works at snail pace, so I want to be sure the post completion formalities are addressed.
As far as conveyancing in Pound Hill registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any 3rd parties. As of today roughly 80% of submission are completed within two weeks but occasionally there can be extensive hold-ups. Historically registration occurs after the purchaser has moved in to the property so 'speed' is not usually top priority yet where there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Pound Hill is where the house is located. Is there any guidance you can impart?
Flying freeholds in Pound Hill are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Pound Hill you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pound Hill may determine 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 residence.
I'm remortgaging my current house to a buy to let mortgage with Aldermore and intend to use the remaining equity as a down payment on another property. The area we are looking at is Pound Hill. Will your solicitors be able to act for both sets of banks and link together the transactions?
Make use of our search tool on this site to check that the lawyers are approved by both banks. Assuming that they are the lawyer should be able to connect the two transactions but you should talk with you conveyancer and specify your desired outcome and requirements.
My cousin is purchasing a garden flat in Pound Hill. He has received a fee estimate by the conveyancing practitioner recommended by the selling agents and it came to £1156 . It was fifteen years ago since I sold and bought a property and it cost was £440. Have fees really increased to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Pound Hill searches, land registry fees, etc)