My grandmother passed away last year and as sole heir and executor I was left the property in Halkyn. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
If 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.
My relative advised me that if I am buying in Halkyn I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Halkyn conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Halkyn around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Halkyn.
How does conveyancing in Halkyn differ for newly converted properties?
Most buyers of new build property in Halkyn approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because house builders in Halkyn tend to 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 Halkyn or who has acted in the same development.
I opted to have a survey done on a property in Halkyn prior to instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies may refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Halkyn. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Halkyn to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for remortgage conveyancing in Halkyn. I have discover a site which looks to be the perfect answer If it is possible to get all the legals done via web that would be preferable. Do I need to 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?