My aunt passed away 10 months ago and as sole heir and executor I was left the house in Caernarfon. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this allowed?
If you intend to refinance then Skipton will require that you use 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.
There is lots of here concerning conveyancing in Caernarfon but what is your top tip for choosing the right conveyancer in Caernarfon
It would be unwise to be swayed by the lowest Caernarfon conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
This question may be naive but I am unseasoned as a 1st time buyer of a two bedroom flat in Caernarfon. Do I collect the keys to the property on the completion date from my solicitor? If so, I will find a High Street conveyancing solicitor in Caernarfon?
On the day of completion you do not need to go to the conveyancers office in Caernarfon. Your solicitors will transfer the completion advance to the vendor’s conveyancers, and shortly after the monies have arrived, you will be able to pick up the keys from the selling Agents and start moving into the property. Usually this occurs early afternoon.
Is it the case that all Caernarfon solicitor firms on the Clydesdale conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Clydesdale conveyancing panel they would need to be overseen by the SRA. Some lenders do list licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Caernarfon?
Unless a prior acquisition of the premises completed post 12 October 2013 you can expect conveyancing practitioners conducting conveyancing in Caernarfon to continue to suggest a chancel search and or chancel repair liability policy.
I'm refinancing my existing house to a BTL mortgage with Chelsea Building Society and I will use the ballance of the raised equity as a down payment on a second house. The area we are interested in is Caernarfon. Will your conveyancers be able to act for both sets of banks and tie in the transactions?
Make use of our comparison tool on this page to be sure that the conveyancers are approved by both lenders. Assuming that they are the lawyer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and communicate your expectations and needs.
I am a fortnight into a leasehold purchase having been recommend to a firm by the high street agent to carry out the conveyancing in Caernarfon. We are not happy. Could you you assist me in finding new lawyers?
They would have to be very bad to suggest changing them. Has your mortgage offer been generated? In the event that it has you will need to inform them of the replacement conveyancer and get the offer are issued to the new lawyers. Your solicitor ideally needs to be on the banks panel to avoid added charges and frustration. That should be your first question of the new conveyancers. Our find a solicitor tool should assist you in finding a lender approved solicitor for your conveyancing in Caernarfon