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House ownership and transfer of title
CaptainSaver
Posts: 6 Forumite
Hi all,
I posted these questions over in the probate forum yesterday, but I've re-posted the question pertinent to a house here as the main question I have is regarding it and so this seemed like the best place to ask!
My grandmother passed away recently and named me as her executor in her will with her estate being divided equally between my mother and I.
Her estate comes to around £370,000 (around £280,000 is a house), however her husband who died 13 years ago left all his estate to her so I'm assuming that IHT won't be a problem given that her estate is covered by a nil rate band transfer.
I have filled in form PA1, IHT205 and IHT217 which seemed relatively painless.
The house has been owned since the 1960s and has not had a mortgage for some time. I've phoned round a few solicitors to try and find any title deeds but have been unsuccessful (it would appear that solicitor's firms merge/demerge/go into administration a lot!). I paid the £3 to use the Land Registry online service to check for ownership and the output was as follows:
It doesn't just have our house but pretty much all of the houses in the street on and says:
Registered owners: a housing trust
The same in the proprietorship register (i.e. the housing trust)
There is something that refers to both my grandfather and grandmother in the charges register:
Notice registered pursuant to Section 5 (5) of the Leasehold
Reform Act 1967 that a notice dated ** November **** as to (THE HOUSE IN QUESTION) has been served under that Act by (MY GRANDFATHER) and (MY GRANDMOTHER) both of (THE HOUSE IN QUESTION)
Then in the next section there's details of a 999 year lease from some date in the 1950s.
Obviously I've anonymised the above but you get the picture.
Basically I'm wondering if the above is going to cause a massive hassle or is this all fairly normal stuff? And if the former - how do I solve it?
Any help is much appreciated!
Thanks.
I posted these questions over in the probate forum yesterday, but I've re-posted the question pertinent to a house here as the main question I have is regarding it and so this seemed like the best place to ask!
My grandmother passed away recently and named me as her executor in her will with her estate being divided equally between my mother and I.
Her estate comes to around £370,000 (around £280,000 is a house), however her husband who died 13 years ago left all his estate to her so I'm assuming that IHT won't be a problem given that her estate is covered by a nil rate band transfer.
I have filled in form PA1, IHT205 and IHT217 which seemed relatively painless.
The house has been owned since the 1960s and has not had a mortgage for some time. I've phoned round a few solicitors to try and find any title deeds but have been unsuccessful (it would appear that solicitor's firms merge/demerge/go into administration a lot!). I paid the £3 to use the Land Registry online service to check for ownership and the output was as follows:
It doesn't just have our house but pretty much all of the houses in the street on and says:
Registered owners: a housing trust
The same in the proprietorship register (i.e. the housing trust)
There is something that refers to both my grandfather and grandmother in the charges register:
Notice registered pursuant to Section 5 (5) of the Leasehold
Reform Act 1967 that a notice dated ** November **** as to (THE HOUSE IN QUESTION) has been served under that Act by (MY GRANDFATHER) and (MY GRANDMOTHER) both of (THE HOUSE IN QUESTION)
Then in the next section there's details of a 999 year lease from some date in the 1950s.
Obviously I've anonymised the above but you get the picture.
Basically I'm wondering if the above is going to cause a massive hassle or is this all fairly normal stuff? And if the former - how do I solve it?
Any help is much appreciated!
Thanks.
0
Comments
-
See my post to your original thread https://forums.moneysavingexpert.com/discussion/4579225
Others may advise where best to leave the thread as having two running may not be the best way forward?“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0
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