My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Shipston on Stour. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this possible?
If you plan to refinance then Co-operative will insist on your using a conveyancer on the Co-operative 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 Co-operative 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 Co-operative mortgage is registered as a charge at the Land Registry.
How does conveyancing in Shipston on Stour differ for new build properties?
Most buyers of new build residence in Shipston on Stour approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Shipston on Stour usually buy the land, 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 accustomed to new build conveyancing in Shipston on Stour or who has acted in the same development.
I opted to have a survey done on a house in Shipston on Stour ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some banks will not grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shipston on Stour. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shipston on Stour to see if the conveyancing costs will increase in light of this.
Is it simple use your search tool to locate a conveyancing solicitor in Shipston on Stour on the authorised to act for my lender?
1st choose a bank such as Nationwide Building Society, Virgin Money or Clydesdale then type in your preferred area for example Shipston on Stour. Conveyancing organisations in Shipston on Stour and beyond should be identified.
I am thinking of appointing a conveyancing practitioner in Shipston on Stour for my house move. Is there any facility to see a solicitor's record with the legal regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) determinations arising from inquisitions commenced on or after Jan 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator sometimes monitor call for training reasons.
Should I stop the direct debit for my mortgage with Leeds Building Society as soon as a completion date for my sale in Shipston on Stour has been set?
No, you must continue paying any mortgage payments to Leeds Building Society until the mortgage is discharged from the proceeds of sale as part of your Shipston on Stour conveyancing.