I am mortgaging my home in Morden, does my lawyer need to be on the Nationwide Solicitor panel?
In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
What is the difference between a licensed conveyancer and conveyancing solicitor in Morden
There are two types of lawyers who can carry out conveyancing in Morden namely CLC regulated conveyancers or solicitors. Both professionals handle the legal services that you need to complete the sale or acquisition of property. They are both obliged to perform Morden conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be professionally conducted and that the requirements and steps will be accurately taken.
My conveyancer has informed me that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Morden?
The appropriate level of absentee landlord indemnity insurance depends on your lender. It would differ for example between HSBC Bank and Chelsea Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
Completion of my remortgage has taken place for my property in Morden. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Morden?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Morden. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £235,500 and found one close by in Morden I like with amenity areas and station nearby, however it's only got 52 years on the lease. I can't really find anything else in Morden for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I'm remortgaging my current home to a buy to let loan with Virgin Money and intend to use the remaining equity towards another property. The location we are interested in is Morden. Will your solicitors be able to act for both sets of lenders and tie in the conveyances?
Make use of our search tool on this page to be sure that the conveyancers are approved by both mortgage companies. Having checked that they are the lawyer should be able to connect the two transactions but you should talk with you conveyancer and communicate your expectations and needs.
I have just had an offer accepted on an apartment in Morden and the mortgage adviser that we are using recommended his solicitor. They quoted £800 including VAT and disbursements. Does this sound expensive?
You should not rely on one quote. You should obtain like-for-like quotes for your conveyancing in Morden. Then choose one that you are comfortable with and crucially, is on the approved list of the lender that you are sourcing your mortgage from.