At Saracens Solicitors, we provide a wide range of services as a mortgage solicitor in London. As well as helping you to buy or sell a home, we also offer advice on:
- buying at auction
- changing title deeds
- equity release
- lease extensions
- buying a freehold
- first time buys
- Right to Buy
- shared ownership.
In this article, we’ll take a closer look at the services that are applicable for someone who already owns a property.
Changing title deeds
A request to the change of ownership of a property can happen for many reasons: it may be due to marriage or divorce; an ageing parent may wish to transfer ownership to their children; or it could be part of a business deal. Whatever the reason, our mortgage solicitor in London can contact the Land Registry on your behalf and make the necessary amendments.
Again, there are a variety of reasons why you may want to release equity from your house. Some of the most common are to: fund renovation work, give children their inheritance early, have the money for travel or raise standards of living. You can either have a lifetime mortgage, a loan secured against the value of your home, or a home reversion plan, wherein you sell part of your home.
If you have less than 80 years left on your leasehold, it makes good sense to extend the lease. This is because leases with 80 years plus left to run are seen as a better investment by mortgage lenders and your property will be easier to sell.
Buying a freehold
If you live in a leasehold building and you feel the landlord isn’t following through on their responsibilities, you may want to buy the freehold of the property. You can do this by forming a company with your fellow leaseholders. This is a complex area of the law, contact our mortgage solicitor in London for detailed advice.
You may need some extra capital or be looking for a better deal than your original mortgage. Our mortgage solicitor in London can arrange the contract with your new lender for you and pay off your existing provider with the minimum of fuss.