I am nearing exchange of contracts for my apartment in Roehampton and the estate agent has just telephoned to advise that the buyers are appointing a new property lawyer. The excuse is that the mortgage company will only work with property lawyers on their approved list. Why would a big named mortgage company only deal with certain lawyers rather the firm that they want to choose for their conveyancing in Roehampton ?
Mortgage companies have always had an approved set of law firms that can represent them, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Banks point to the increase in fraud as the reason for the pruning – criteria have been stiffened as a smaller panel is easier to oversee. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are unlikely to have any sway in the decision.
We are acquiring our first house. Our lawyer has contact usto check if we want to take out extra conveyancing searches. As novices we have no idea as to what's needed for conveyancing in Roehampton
The range of Roehampton conveyancing searches should be dictated primarily on the property, the location, the probability of any of these risks, your familiarity of the area and risks, your general attitude to risk. What matters is that you properly appreciate what information each search could provide. Then you can decide if you consider that you need that search. If uncertain, ask the solicitor to guide you.
I am selling our home in Roehampton and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Roehampton conveyancer would know this is not the case. For the life of me I don't know why the buyers are using an internet conveyancing outfit rather than a conveyancing solicitor in Roehampton. Having lived in Roehampton for 5 years we know of no issue. Should we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You should enquire of 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 illness)
Just had an offer accepted on a new build apartment in Roehampton. 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.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Roehampton
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am looking for a ground for flat up to £245,000 and found one close by in Roehampton I like with open areas and railway links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Roehampton in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
My business partner and I are hoping to take an assignment of a lease of an office on the high street. Can you recommend solicitors offering competitive costs for commercial conveyancing in Roehampton for under 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Roehampton, including the sale and acquisition of businesses as well as simply premises. If you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. Regarding the fees these will vary based on the structure and nuances of the proposed transaction. Let us have your details or phone us so that we can provide you with comprehensive commercial conveyancing calculation.