The mortgage offer from Nationwide for the remortgage of my single bedroom flat is due imminently. Could you propose a low cost conveyancing lawyer in Merton Park?
This site is not designed to assist those in pursuit of the lowest fares for conveyancing solicitors in Merton Park. We can offer you value for money conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing companies enticing you with £100 conveyancing in Merton Park. At best, in being led by low cost conveyancing, you will earn what you pay for and at worst it will result in you being stung for additional fees and still not get the service you were hoping for.
When will exchange of contracts happen for residential conveyancing in Merton Park and do I need to be at the solicitors office?
If you are in close proximity to one of the conveyancing solicitors in Merton Park you are welcome to come in to sign documents. That being said, the lender approved solicitors we work with supply a nationwide conveyancing service and give just as detailed and professional a job for you when dealing with you electronically. The executing of the sale agreement is not the critical part. A signed contract is just a prerequisite for the solicitor to exchange contracts at the suitable time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Merton Park)to be in the office available at the end of the phone to exchange contracts.
How does conveyancing in Merton Park differ for new build properties?
Most buyers of new build premises in Merton Park approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Merton Park tend to acquire 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 used to new build conveyancing in Merton Park or who has acted in the same development.
I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Merton Park I like with a park and railway links nearby, however it's only got 52 remaining years left on the lease. There is not much else in Merton Park in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Given that I am about to spend 450k on a terraced house in Merton Park I wish to have a conversation with the conveyancer concerning thetransaction ahead of giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be doing your conveyancing in Merton Park.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Merton Park should be the figure that you end up paying.
Our conveyancer in Merton Park has discovered a defect with the lease for the flat we are purchasing in Merton Park. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the lender conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or the mortgage company?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Merton Park conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions have to be complied with by the lender conveyancing panel who has to balance acting for you and the lender