My grandfather passed away six months ago and as sole heir and executor I was left the house in Kingsbridge. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Principality will require that you use a conveyancer on the Principality 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 Principality 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 Principality mortgage is registered as a charge at the Land Registry.
What will a local search reveal about the property I am purchasing in Kingsbridge?
Kingsbridge conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Kingsbridge conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications relevant to the premises (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 13 subject headings.
I used Arc property Solicitors a few years past for my conveyancing in Kingsbridge. Now, I need my documents however the law firm has closed. What do I do?
You should call 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 Kingsbridge of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Kingsbridge with a mortgage from Alliance & Leicester . The developers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not inform my lawyer about the extras as it may affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Hoping to buy a property located in Kingsbridge and I am already nervous. I couldn't find anything specific about Kingsbridge. Conveyancing will be needed in due course but do you know about the Kingsbridge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Kingsbridge. In the meantime here are some basic statistics that we found
I purchased a house in Kingsbridge last 1/5/2024 and to date it is still not registered with the Land Registry. It was part of a new estate and my lawyer told me that it may take 12 months to register. I have spoken with the Land Registry directly and they have informed me the initial application was cancelled due to questions not being addressed in time. What can I do?
It is your conveyancing practitioner that you must get in touch with in order to satisfy any concerns which have arisen as part of the registration process for your Kingsbridge property. Normal Kingsbridge conveyancing practice includes an undertaking on the part of the vendor’s property lawyer that they will assist in resolving any requirements raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.