My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Brackley. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this allowed?
Where you plan to refinance then Aldermore will require that you use a conveyancer on the Aldermore 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 Aldermore 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 Aldermore mortgage is registered as a charge at the Land Registry.
I happen to be the single beneficiary of my late father’s will with all property in now in my sole name, including the house in Brackley. Conveyancing formalities meant that the Land Registry date was in September. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the house in September. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view banks take of it, depend on the lender as this obligation is chiefly there to identify subsales or the wholesaling and assigning of property.
Planning on purchasing a apartment in Brackley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Brackley conveyancing practitioner is on the Yorkshire BS conveyancing panel.
My sealed bid on a detached house in Brackley has been agreed to, the sellers do however have a tied purchase. The vendors have offered on somewhere, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a high street conveyancing solicitor in Brackley. What do I do now? At what stage do I apply for the mortgage with Co-operative?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Brackley conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Co-operative approved list. Regarding the subsequent steps this very much depends on the uniqueness of your case, attraction to the property and on the state of the market. In a rising market many buyers would apply for the mortgage with Co-operative and pay for the valuation and only if it comes back ok would they ask their conveyancer to move forward with searches.
I used Wolstenholmes several years past for my conveyancing in Brackley. Now, I need the files but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Brackley of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Brackley is where the house is located. Can you offer any opinion?
Flying freeholds in Brackley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brackley you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brackley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How do I search for a Brackley solicitor on the Barnsley Building Society conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the solicitor.
Feel free to make use of the search on this page. Please select a bank and your location and you will see a number of Brackley conveyancing lawyers located nearest you. We have detailed some Brackley conveyancing firms at the bottom of this page and you can contact them to verify whether they are on the Barnsley Building Society member panel
I have been told by many friends that it may take six to eight weeks for Brackley conveyancing to complete.This was four weeks ago. The draft contract was only forwarded to my conveyancer last week so does the time start running now?
No official countdown exists for conveyancing in Brackley, or any location. You just have to make sure your finances are in place and in due course the rest will come together.