My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Towcester. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then Virgin Money will insist on your using a conveyancer on the Virgin Money 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 Virgin Money 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 Virgin Money mortgage is registered as a charge at the Land Registry.
What can a local search tell me concerning the house we're buying in Towcester?
Towcester conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search is essential in every Towcester conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Me and my brother have a terraced Georgian property in Towcester. Conveyancing practitioner represented me and Skipton Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching property. 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Towcester and other locations in 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 mortgage companies. You can also enquire as to the situation with your conveyancing practitioner who conducted the work.
How does conveyancing in Towcester differ for newly converted properties?
Most buyers of new build residence in Towcester come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Towcester tend to acquire the site, 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 Towcester or who has acted in the same development.
How do I identify a Towcester solicitor on the Santander conveyancing panel? I drive a motor bike and am happy to travel upto 25miles to meet the solicitor.
You can use the search on this website. Please select a bank and your location and you will see a number of Towcester conveyancing lawyers locally. We have listed some Towcester conveyancing firms towards the end of this page and you can call them to see whether they are on the Santander panel