My grandfather passed away last year and as sole heir and executor I was left the property in Walthamstow. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then Lloyds will insist on your using a conveyancer on the Lloyds 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 Lloyds 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 Lloyds mortgage is registered as a charge at the Land Registry.
Do I need to pay for insurance to address the risk of chancel repairs when buying a residence in Walthamstow?
Unless a prior purchase of the property took place after 12 October 2013 you may take it that conveyancing practitioners carrying out conveyancing in Walthamstow to continue to suggest a chancel search and or insurance against a claim.
I have todayfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Walthamstow for a purchase of a leasehold apartment 18 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Walthamstow conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Walthamstow is the location of the property. Is there any guidance you can impart?
Flying freeholds in Walthamstow are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Walthamstow you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Walthamstow may determine 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 property.
I am using a search engine for the phrase cheap conveyancing in Walthamstow it reveals numerous conveyancersin the vicinity. With so much choice what is the best way to find the right property lawyer for the sale of my house?
The preferential way of finding the right conveyancer is via trusted testimonial, so seek the opinion of colleagues and those you trust who have bought a property in Walthamstow or the local estate agent or financial adviser. Charges for conveyancing in Walthamstow vary, so it's advisable to request at least three estimates from different companies. Make sure that you know what costs in the quote includes.