My grandmother passed away last year and as sole heir and executor I was left the house in Burnham On Sea. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this allowed?
If you intend to refinance then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland 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 Bank of Ireland 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 Bank of Ireland mortgage is registered as a charge at the Land Registry.
When it comes to lenders such as Aldermore, do Burnham On Sea conveyancing practitioners incur a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
My husband and I have organised a further advance on our mortgage from UBS as we want to carry out a loft conversion to our home in Burnham On Sea. Do we need to choose a high street Burnham On Sea solicitor on the UBS conveyancing panel to handle the paperwork?
UBS do not ordinarily instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.
We have agreed to purchase a house in Burnham On Sea. One unusual aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Kent Reliance your lawyer must comply with the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and lawyers are required to report to Kent Reliance where a lease does not meet these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not limited to Burnham On Sea.
Various online forums that I have come across warn that are the main reason for obstruction in Burnham On Sea conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Burnham On Sea.
I'm converting the mortgage on my primary home to a BTL mortgage with Nationwide Building Society and intend to use the remaining equity as a deposit on further house. The neighborhood we are talking about is Burnham On Sea. Will your conveyancers be able to act for the two banks and link together the transactions?
Make use of our comparison tool on this page to ensure that the conveyancers are approved by both mortgage companies. On the basis that they are your lawyer should be able to connect the two conveyancing matters but you should talk with you lawyer and make apparent your desired outcome and needs.
I am thinking of appointing a conveyancing lawyer in Burnham On Sea for my sale. Is there any facility to see a firm’s complaints history with the profession’s regulator?
You may find documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.