My grandmother passed away six months ago and as sole heir and executor I was left the property in Chipstead. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
If you plan to refinance then Virgin Money will require that you use a conveyancer on the Virgin Money 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 Virgin Money 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 Virgin Money mortgage is registered as a charge at the Land Registry.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a property in Chipstead? or Apparently there is historic law that could mean that owners of property living in a parish church boundary will be compelled to pay for maintenance towards the chancel within the church. Is this appropriate for conveyancing in Chipstead?
Unless a previous purchase of the house took place after 12 October 2013 you could assume that lawyers handling conveyancing in Chipstead to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly identified during conveyancing in Chipstead?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Chipstead. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Chipstead I like with amenity areas and transport links in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Chipstead suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
Is there anything unique about your site and other online quote calculators when it comes to conveyancing in Chipstead?
At this site obtain a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Chipstead. As opposed to estate agents and brokerage sites we do not have referral arrangements with solicitors. Some agents and online brokers 'recommend' the firm paying the most per referral, not the best value conveyancing in Chipstead