My grandmother passed away six months ago and as sole heir and executor I was left the property in West Derby. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Barclays, pay off the mortgage. Is this possible?
Given you intend to refinance then Barclays will insist on your using a conveyancer on the Barclays 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 Barclays 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 Barclays mortgage is registered as a charge at the Land Registry.
I have paid off my mortgage with HSBC. I assume I don't need a West Derby property lawyer on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my West Derby building society branch on various occasions and was told they are content with the situation and they would lend. My West Derby conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer must follow the Council of Mortgage Lenders’ Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I was told two weeks ago that my mortgage has been agreed to by Yorkshire BS. Is it usual for Yorkshire BS to only issue the offer once my solicitor in West Derby is approved on their conveyancing panel? Yorkshire BS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
How do I identify a West Derby law firm on the Yorkshire Building Society conveyancing panel? I have a car and am happy to travel upto 25miles to meet the lawyer.
Feel free to make use of the tool on this website. Please choose the mortgage company and your location and you will see a number of West Derby conveyancing lawyers locally. We have detailed some West Derby conveyancing firms towards the end of this page and you can contact them to see whether they are on the Yorkshire Building Society approved list
I need to instruct a conveyancing solicitor for purchase conveyancing in West Derby. I have discover a web site which seems to have the ideal answer If it is possible to get all the legals done via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Looking forward to complete next month on a studio apartment in West Derby. Conveyancing lawyers inform me that they will have a report out to me tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in West Derby should include some of the following:
Will you be prohibited or prevented from having pets in the property? What you can do if an adjoining owner is in violation of a provision in their lease? Responsibility to repair and maintain the building. It is essential that you know who is liable for the repair and maintenance of every part of the building Where does the liability rest for maintaining the window frames The total extent of the demise. This might be the flat itself but might include a roof area or cellar if relevant.
West Derby Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
How much is the maintenance charge and ground rent on the property? In the main the cost for major works tend not to be included within service charges, albeit that some managing agents in West Derby require tenants to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance. What restrictions exist in the West Derby Lease?