My uncle passed away last year and as sole heir and executor I was left the house in Long Sutton. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
If you plan to re-mortgage then UBS will insist on your using a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when purchasing a property in Long Sutton?
Unless a previous acquisition of the property took place post 12 October 2013 you could assume that conveyancing practitioners carrying out conveyancing in Long Sutton to continue to advocate a chancel search and or insurance against a claim.
2 months have gone by following my purchase conveyancing in Long Sutton completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Long Sutton differ for new build properties?
Most buyers of new build property in Long Sutton approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Long Sutton 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 property lawyers 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 used to new build conveyancing in Long Sutton or who has acted in the same development.
Given that I will soon part with £400,000 on a garden flat in Long Sutton I would like to have a conversation with the solicitor concerning theconveyancing prior to appointing the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the conveyancer due to be conducting your property ownership legalities in Long Sutton.There is no ‘factory style conveyancing’ - each client is an important individual, not a file number. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Long Sutton should be the figure that you are charged.