My grandmother passed away last year and as sole heir and executor I was left the property in Porthmadog. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
Given you intend to re-mortgage then Clydesdale will insist on your using a conveyancer on the Clydesdale 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 Clydesdale 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 Clydesdale mortgage is registered as a charge at the Land Registry.
I am buying a property in Porthmadog. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As you are obtaining a mortgage with Virgin Money your lawyer must follow the formal requirements outlined in Part two of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Virgin Money where a lease does not comply with these conditions. The requirements relate to the installation of panels on properties countrywide and is not restricted to Porthmadog.
After months of negotiation I have agreed a price on a house in Porthmadog. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £150. A couple of days later, the conveyancer called me to say that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a flat in Porthmadog. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Porthmadog property lawyer is on the HSBC conveyancing panel.
I have recentlydiscovered that Action Conveyancing have closed. They conducted my conveyancing in Porthmadog for a purchase of a freehold house 12 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to check if the property is in your name, you can carry out 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 Porthmadog conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Porthmadog is the location of the property. What do you suggest?
Flying freeholds in Porthmadog are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Porthmadog you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Porthmadog 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.
My partner has suggested that I instruct his conveyancers in Porthmadog. Should I use them?
Much as we are happy to recommend a Porthmadog conveyancing lawyer it’s preferable to find a conveyancing practitioner is to have referrals from friends or family who have actually experience in using the firm that you are considering.
How does one as executor remove a departed person's name from the title deeds for a property in Porthmadog?
Where a Porthmadog property is co-owned and one of the proprietors dies, the name will not automatically be removed from the title deeds. You are not required to remove their name as when it comes to a disposal you would just need to evidence why the joint owner is missing from the transfer, such as the probate documents.
With a view to making the sale conveyancing smoother in the future you can apply to have the deceased person erased from the title by submitting an application to HM Land Registry with proof of the death. There is no land registry fee payable.