I am in the throes of porting my existing standard loan to a BTL Barclays mortgage. I have been informed by my broker that I must appoint a solicitor for this. I got in contact with my past Carshalton conveyancing solicitor who dealt with the legals when I first bought the house. The costs estimate issued of £550 has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The costs illustration is slightly on the high side. If you are content to expend time scrutinising quotes you may be able to get the conveyancing a bit cheaper by perhaps £125. That being said, if you were pleased with the assistance the firm provided you mightlive to rue choosing an a cheaper conveyancer. If is important to be sure the firm can represent Barclays . Do employ our search tool to locate a Carshalton conveyancing firm on the Barclays approved list of lawyers, which can often include conveyancing solicitors in Carshalton.
We were just about to sign contracts for a semi detached house in Carshalton. We have hit a snag. Our mortgage offer with National Westminster Bank expires on 17/3/2025 but the vendors are insisting on a completion date of 19/3/2025. Can one prolong the mortgage expiry date?
The person best placed to address this question is your conveyancer who will hopefully assess whether he or she is should be discussing with the bank, owner’s lawyers, property agents or indeed all three given what has happend in your conveyancing to date.
As a first time buyer what is the most important number one tip you can impart about purchase conveyancing in Carshalton?
Not many law firms or advisers will tell you this but conveyancing in Carshalton and elsewhere in South London is an adversarial process. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and other parties involved in the transaction. For example, the vendor, property agent and sometimes your bank. Choosing a solicitor for your conveyancing in Carshalton is a critical decision as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to act in your best interests and to keep you safe.
Sometimes a third party with a vested interest may try and convince you that you should follow their advice. For instance, the estate agent may claim to be assisting by suggesting your solicitor is wrong. Or your financial adviser may tell you to do take action that is against your lawyers recommendation. You should always trust your lawyer above all other parties in the home moving process.
four months have elapsed following my purchase conveyancing in Carshalton completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 property 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 Carshalton differ for new build properties?
Most buyers of new build property in Carshalton come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Carshalton typically buy the land, 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 conveyancers 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 Carshalton or who has acted in the same development.
I am employed by a reputable estate agent office in Carshalton where we have experienced a number of flat sales derailed as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Carshalton conveyancing solicitors. Can you clarify whether the vendor of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I inherited a a ground floor purpose built flat in Carshalton. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Carshalton conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Carshalton residence is 21 & 23 Carshalton Grove in May 2009. the Tribunal adopted the figures presented as the premiums payable by the Applicant i.e. a total of £20,750. This case was in relation to 2 flats. The unexpired lease term was 72 years.