My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Rothbury. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Coventry BS will require that you use a conveyancer on the Coventry BS 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 Coventry BS 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 Coventry BS mortgage is registered as a charge at the Land Registry.
It has been 4 months following my purchase conveyancing in Rothbury took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a flat up to £235,500 and found one close by in Rothbury I like with a park and transport links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Rothbury suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
Given that I am about to part with hundreds of thousands of pounds on a garden flat in Rothbury I would like to have a conversation with the solicitor concerning thetransaction prior to instructing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be carrying out your property ownership legalities in Rothbury.There is no ‘factory style conveyancing’ - each client is unique person, not a matter reference. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in Rothbury should be the amount on the final invoice that you end up paying.
I need to instruct a conveyancing solicitor for purchase conveyancing in Rothbury. I've land on a site which appears to be the perfect solution If there is a chance to get all this stuff completed via web that would be preferable. Should I 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?
How and when do I cover the costs of the Stamp Duty Land Tax due for my purchase in Rothbury?
Your conveyancer should complete a Land Transaction Return Form for you during your Rothbury conveyancing transaction for signature. On completion your conveyancing practitioner will submit your Land Transaction Return Form to the Tax Authorities and - assuming they have the funds - pay any Stamp Duty liability for you.