I am purchasing a house for cash in New Malden. I have been residing for the last twelve years in New Malden. Conveyancing searches are a lot of money. Given that I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
Provided that you do not need a mortgage, then all but one or two of the New Malden conveyancing searches are at your discretion. Your lawyer will 'advise', perhaps strongly, that you should have searches done, but she has a professional duty to do this. Do consider; if you are intend to sell the house at a future date, it will be of relevance to your prospective purchaser what the searches disclose. There are plenty of instances where properties with apparent issues can still show up unexpected search results. A good conveyancing solicitor in New Malden should provide you some practical guidance here.
Do banks and building societies provide you with an approved list of New Malden conveyancing solicitors? How do you know who is on the Yorkshire BS conveyancing panel?
New Malden conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
I am purchasing a semi-detached house in New Malden. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in New Malden you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in New Malden.
We are selling our home in New Malden and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local lawyer would know this is not the case. For the life of me I don't know why the buyers are using a factory type conveyancing practice as opposed to a conveyancing solicitor in New Malden. Having lived in New Malden for 4 years we know that this is a non issue. Should we contact our local Authority to get clarification need.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am buying a new build flat in New Malden. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in New Malden
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in New Malden I like with a park and transport links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in New Malden in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign 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.