My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Tooting Bec. 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 HSBC, pay off the mortgage. Is this possible?
If you plan to refinance then HSBC will require that you use a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
We are purchasing a house and the solicitor has identified Chancel Repair to which the house could be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this really necessary for conveyancing in Tooting Bec
Unless a prior acquisition of the property completed post 12 October 2013 you could expect lawyers delivering conveyancing in Tooting Bec to remain recommending a chancel search and or insurance against a claim.
four months have gone by since my purchase conveyancing in Tooting Bec completed. I have checked the Land Registry website which shows that I paid £150,000 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 asset 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.
I am looking for a flat up to £235,500 and found one round the corner in Tooting Bec I like with open areas and station in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Tooting Bec in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
What makes your site different to alternative web based conveyancing brokers when it comes to conveyancing in Tooting Bec?
At this site secure a conveyancing quote from a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Tooting Bec. Unlike many estate agents and many comparison sites we do not charge firms a commission if you instruct them for your home move in Tooting Bec
I am considering choosing an online property lawyer as opposed to a Tooting Bec conveyancing practice. Am I making a mistake?
There are advantages of being able to attend a local Tooting Bec conveyancing solicitor for instance
- signing papers on short notice
- often being able to see someone face-to-face can make a huge difference, particularly for non-standard house moves
- the ability to complain if things are not going as expected
When checking estimates, look carefully for hidden extras. The majority decent Tooting Bec high street solicitors give an all-inclusive price. Often online agents seem to offer discounted prices, yet have hidden 'extras' in the fine print.