My uncle passed away six months ago and as sole heir and executor I was left the house in Jarrow. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
Given you plan to refinance then UBS will insist on your using a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
Is it the case that all Jarrow solicitor practices on the Nationwide conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel and in that case the organisation would be overseen by the CLC.
I had a mortgage agreed in principle with Kent Reliance. Jarrow conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
Some lenders take longer than others. Have Kent Reliance conducted the valuation? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
After what feels like an age I have had an offer on an apartment in Jarrow agreed to, the vendors do however have a dependent purchase. The sellers have put an offer on on an apartment, but it’s not been accepted yet, and have viewings of other properties booked. I have chosen a nearby conveyancing solicitor in Jarrow. What do I do now? When should I get the mortgage application with Coventry BS started?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then survey, Jarrow conveyancing search charges, etc). The first thing to do is check that your lawyer is on the Coventry BS approved list. Regarding the next steps this very much depends on the specifics of your transaction, desire for this property and on the state of the market. During a hot market the majority of buyers would apply for a home loan with Coventry BS and pay for the valuation and only if it comes back ok would they request their solicitor to proceed with the conveyancing in Jarrow.
Have purchased a a terraced house in Jarrow , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Jarrow conveyancing solicitor has been very slow, so I want to check the registration is concluded.
As far as conveyancing in Jarrow is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether there are errors and whether the Land registry communicate with any other persons or bodies. Currently in the region of three quarters of such applications are fully dealt with within 12 days but occasionally there can be longer delays. Historically registration is effected after the buyer has moved in to the premises so registration formalities is not typically top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Jarrow is where the house is located. What do you suggest?
Flying freeholds in Jarrow are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Jarrow you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Jarrow may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I need to instruct a conveyancing solicitor for sale conveyancing in Jarrow. I happened to stumble across a web site which appears to be the ideal offering If there is a chance to get all formalities done via phone that would be ideal. Should I be wary? 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?