My uncle passed away six months ago and as sole heir and executor I was left the house in Rolleston On Dove. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this possible?
Where you plan to refinance then Santander will require that you use a conveyancer on the Santander 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 Santander 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 Santander mortgage is registered as a charge at the Land Registry.
How does conveyancing in Rolleston On Dove differ for new build properties?
Most buyers of new build property in Rolleston On Dove approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Rolleston On Dove usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Rolleston On Dove or who has acted in the same development.
I am selling my home. My past solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Rolleston On Dove if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Rolleston On Dove. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I work for a long established estate agent office in Rolleston On Dove where we have experienced a few leasehold sales put at risk due to short leases. I have received contradictory information from local Rolleston On Dove conveyancing solicitors. Please can you confirm whether the vendor of a flat can start the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a 1st floor flat in Rolleston On Dove, conveyancing was carried out May 2000. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Rolleston On Dove with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 invoiced every year. The lease terminates on 21st October 2082
You have 57 years remaining on your lease we estimate the premium for your lease extension to span between £28,500 and £33,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the lender conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Rolleston On Dove as it will be easier to pop in to their offices when needed.
As opposed to ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Rolleston On Dove.