My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Cottenham. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage 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 Cottenham differ for new build properties?
Most buyers of new build premises in Cottenham contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because developers in Cottenham typically acquire the real estate, 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 Cottenham or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Cottenham in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will not give a mortgage on this type of property.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cottenham. Conveyancing will be smoother if you use a solicitor in Cottenham especially if they are accustomed to such properties in Cottenham.
My company is hoping to take over a lease of an office on a shopping parade. Can you recommend lawyers offering competitive costs for commercial conveyancing in Cottenham for less than 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Cottenham, including the sale and purchase of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right solicitor. As for the fees these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or telephone so as to enable us to provide you with comprehensive commercial conveyancing quote.
Should I instruct a Cottenham conveyancing practitioner who is local to the property I am hoping to buy? An old friend can conduct the conveyancing however they are based 400miles drive away.
The primary upside of using a high street Cottenham conveyancing firm is that you can pop in to sign paperwork, hand in your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that should outweigh using an unknown Cottenham conveyancing lawyer just because they are local.
Are all Cottenham law firms on every lender conveyancing panel?
You can use our search tool or you can pop into your local lender branch in Cottenham. Chances are that they will know some good conveyancing solicitors in Cottenham