I have given 2 months notice to my current landlord and must leave my rented property in Lower Morden by 10/7/2025. Conveyancing for my house purchase is underway. Is it possible to complete in 4 weeks as don't want to have to find short term accommodation?
It is unwise to give notice for your letting until exchange of contracts has taken place. Assuming that you have not already done so, update to your lawyer and ask them to they chase the owners side, try to get a realistic time scale from them that everyone will work towards
What is the first thing I need to know about purchase conveyancing in Lower Morden?
Not many law firms shout this from the rooftops but conveyancing in Lower Morden and elsewhere in England and Wales is an adversarial process. In other words, when it comes to conveyancing there is an abundance of room for confrontation between you and others involved in the home moving process. For instance, the vendor, selling agent and even potentially your mortgage company. Selecting a lawyer for your conveyancing in Lower Morden is a critical decision as your conveyancer is your adviser, and is the SOLE party in the process whose responsibility is to protect your best interests and to keep you safe.
Sometimes a potential adversary will attempt to convince you that it is in your interests to do things their way. For instance, the selling agent may claim to be assisting by claiming that your lawyer is dragging his heels. Or your financial adviser may tell you to do take action that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I have been recommended a conveyancing solicitor in Lower Morden. I I would like to check whether they are on the The Royal Bank of Scotland approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing to do is contact the solicitor and enquire if they are on the lender panel. Alternatively please get in touch with The Royal Bank of Scotland who may be able to confirm.
I am buying a 3 bedroom semi in Lower Morden. The intention is to an extension at the rear at the property.Will the conveyancing process involve investigations to determine if these alterations are prohibited?
Your property lawyer will review the registered title as conveyancing in Lower Morden can occasionally reveal restrictions in the title deeds which prohibit certain changes or necessitated the consent of a 3rd party. Many extensions require local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I have decided to exercise my right to buy my property in Lower Morden off the council. I have a mortgage agreed with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
I currently have a mortgage with Barclays for my property in Lower Morden. Conveyancing has been completed months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Your original mortgage agreement with Barclays will provide that you need their approval prior to letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. You need not do this via a Barclays conveyancing panel solicitor.
I decided to have a survey completed on a house in Lower Morden ahead of appointing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies will refuse to grant a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you e-mail us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Lower Morden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lower Morden to see if the conveyancing will be more expensive.
My partner and I have had DIP from Aldermore who indicated that they will lend up to £400k. When do I need to appoint a practitioner for conveyancing? Lower Morden is where we plan to move to.
You can instruct a conveyancing practitioner now and ask them to create a file on your behalf. This will kickstart: 1) the estate agent to issue a Sales Memorandum to all parties 2) the seller’s solicitor to submit the draft agreement. That being said, do not ask your lawyer to start searches until you have your valuation report from Aldermore and you are willing to move forward.