My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Slough. 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 Skipton, pay off the mortgage. Is this allowed?
Given you intend to refinance then Skipton will insist on your using a conveyancer on the Skipton 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 Skipton 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 Skipton mortgage is registered as a charge at the Land Registry.
I'm the sole recipient of my late mum's estate with all property in now in my sole name, including the my former home in Slough. The Slough property was put into my name in September. I now wish to sell up. I understand that there is a CML 6 month 'rule', meaning my proprietorship may be considered the same way as if I'd bought the house in September. Is the property unsalable for six months?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most banks would take a sensible view as this provision primarily exists to capture the purchase and immediately sell or the quick reselling of property.
is it true that all Slough solicitor firms on the Co-operative conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Co-operative approved list of solicitors they would need to be overseen by the SRA. Many mortgage companies do permit licenced conveyancers on their panel and in such a situation the organisation would be overseen by the Council of Licensed Conveyancers.
We have a mortgage agreed in principle with TSB. Slough conveyancing solicitors are appointed. How long does it take for TSB to send the offer to the conveyancer?
There is no definitive answer here. Have TSB conducted the survey? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We are purchasing a property and the lawyer has raised the issue of Chancel Repair to which the house may be obligated to contribute to as it falls into the area of such a church. She has recommended insurance. Is this strictly warranted for conveyancing in Slough
Unless a prior purchase of the house took place post 12 October 2013 you could take it that conveyancing practitioners carrying out conveyancing in Slough to continue to propose a a chancel search and or chancel repair liability policy.
Due to the guidance of my in-laws I had a survey completed on a property in Slough ahead of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies will refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. Santander has different instructions from Halifax. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Slough. Conveyancing will be smoother if you use a solicitor in Slough especially if they are accustomed to such properties in Slough.
Am I right to be wary that third parties that I am dealing with are encouraging me to use a web based conveyancing firm rather than a local Slough conveyancing company?
As is the case with many professional services, often recommendations from connections can be most helpful. Yet there are lots of players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies may suggest lawyers to instruct. On occasion these lawyers might be known to one of the organisations as one of the best in their field, but sometimes there behind the scenes financial incentive behind the recommendation. You have the discretion to select your own conveyancer. You need to be aware that the majority of lenders have an approved list of conveyancers you have to use for the mortgage aspect of your home move.
I need to appoint a conveyancing solicitor for some conveyancing in Slough. I've chance upon a site which looks to be the perfect offering If there is a chance to get all the legals done via phone that would be preferable. Should I be concerned? 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?