My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Bredon. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then RBS will require that you use a conveyancer on the RBS 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 RBS 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 RBS mortgage is registered as a charge at the Land Registry.
How does conveyancing in Bredon differ for newly converted properties?
Most buyers of new build or newly converted property in Bredon contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Bredon usually purchase the real estate, 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 used to new build conveyancing in Bredon or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Bredon in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may refuse to grant a loan on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bredon. Conveyancing will be smoother if you use a solicitor in Bredon especially if they are accustomed to such properties in Bredon.
I have been sourcing a conveyancing solicitor in Bredon for my home move. Is there any facility to review a solicitor's record with the legal regulator?
Anyone may see presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes recorded call for training reasons.
Been reading online that Bredon solicitors are more expensive than licensed conveyancers in Bredon to use when buying a property. So is it better if I use a conveyancer or a solicitor if I am purchasing a property in Bredon.
When it comes to conveyancing in Bredon the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.