My grandfather passed away last year and as sole heir and executor I was left the house in Seaton Sluice. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this possible?
Given you plan to refinance then Santander will insist on your using 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 Seaton Sluice differ for new build properties?
Most buyers of new build property in Seaton Sluice come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because builders in Seaton Sluice 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 conveyancing solicitors 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 Seaton Sluice or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and identified one close by in Seaton Sluice I like with a park and transport links in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Seaton Sluice in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Should I appoint a Seaton Sluice conveyancing practitioner in close proximity to the house I am buying? We have a good friend who can perform the legal formalities but her office is approximately 350miles drive away.
The benefit of a local Seaton Sluice conveyancing practice is that you can drop in to sign documents, hand in your ID and pester them where appropriate. Having local Seaton Sluice know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were content that must surpass using an unfamiliar Seaton Sluice conveyancing lawyer just because they are local.
My partner and I have today had an offer accepted on our first home in Seaton Sluice, and are now looking to get solicitors appointed. We have utilised the numerous comparison tools and the results are from all across the England and Wales. Is it important to have a Seaton Sluice solicitor local to your prospective property? I am fine to do everything over the internet, but I assume at some stage we will need to physically go into the conveyancing practitioner's office to sign contracts?
The property lawyer does not have to be in Seaton Sluice, but choosing local means that you can visit their offices if needed, for instance, if a signature is immediately necessary. In addition, a Seaton Sluice solicitor is likely to be familiar with local agents and (if the vendor has chosen a local property lawyer) with them, which will help keep things moving faster.