My aunt passed away last year and as sole heir and executor I was left the house in Putney Heath. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
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.
What will a local search tell me concerning the house my wife and I purchasing in Putney Heath?
Putney Heath conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for example Onsearch The local search is essential in every Putney Heath conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
How does conveyancing in Putney Heath differ for new build properties?
Most buyers of new build premises in Putney Heath come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because house builders in Putney Heath usually acquire 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 accustomed to new build conveyancing in Putney Heath or who has acted in the same development.
My husband and I are first time buyers - had an offer accepted, but the estate agent has warned us that the vendor will only issue a contract if we instruct their preferred solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer who is accustomed to conveyancing in Putney Heath
We suspect that the seller is unaware of this demand. Should the seller require ‘a quick sale', taking such a hostile approach to a genuine buyer is counter productive. Bypass the agents and go straight to the sellers and make sure they understand (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Putney Heath conveyancing lawyers - as opposed tothe ones that will give the negotiator at the agency a commission or meet his conveyancing targets demanded by HQ.
Been reading online that Putney Heath solicitors are more costly than Putney Heath conveyancers in Putney Heath when it comes to buying a property. So is it better if I use a conveyancer or a solicitor where I am purchasing a house in Putney Heath.
When it comes to conveyancing in Putney Heath the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.