My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Temple Fortune. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this possible?
Where 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.
There are plenty of conveyancing solicitors in Temple Fortune but how do I know who I should use?
It would be unwise to be seduced by the cheapest Temple Fortune conveyancing quote. You really do get what you pay 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 go into the conveyancing with your eyes wide open.
My bid for a property was accepted at auction in Temple Fortune. Conveyancing is needed. What happens now?
Having exchanged you now have to retain a conveyancing solicitor soon as you are faced with a tight deadline in which to complete the purchase. All auction property will ordinarily have a bespoke legal pack. This will include most,if not all of the documents that your solicitor will need. In the case of leasehold property the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
A colleague advised me that in purchasing a property in Temple Fortune there could be a number of restrictions preventing external changes to the property. Is this right?
We are aware of anumerous of properties in Temple Fortune which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Temple Fortune should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Will my conveyancer be asking questions about flooding as part of the conveyancing in Temple Fortune.
Flooding is a growing risk for solicitors conducting conveyancing in Temple Fortune. There are those who buy a house in Temple Fortune, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, but there are a number of searches that may be carried out by the buyer or by their solicitors which can figure out the risks in Temple Fortune. The standard completed inquiry forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the vendor to find out whether the premises has suffered from flooding. If the property has been flooded in past which is not revealed by the vendor, then a buyer could bring a claim for damages as a result of such an incorrect answer. A buyer’s conveyancers will also commission an environmental report. This should indicate whether there is any known flood risk. If so, additional investigations should be conducted.
I decided to have a survey carried out on a house in Temple Fortune ahead of instructing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some lenders may not issue a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Temple Fortune. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Temple Fortune to see if the conveyancing will be more expensive.
What makes your site different to other internet conveyancing brokers for conveyancing in Temple Fortune?
At this site receive a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Temple Fortune. Unlike many estate agents and brokerage sites we do not have kick-back arrangements with solicitors. Many agents and online brokers 'recommend' the firm paying the most per referral, as opposed to the best value conveyancing in Temple Fortune