I am in the throes of swapping over from my domestic mortgage to a BTL Aldermore mortgage. I was told by my mortgage that I must appoint a solicitor for this. I spoke to the same South West London conveyancing solicitor who acted on my behalf when I originally purchased the property. The costs estimate e-mailed to me of £550 has shocked me as its a remortgage than a sale or purchase.
The costs illustration is slightly on the expensive side. If you shop around you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, assuming were content with the service the firm provided you mightlive to regret choosing an an unknown conveyancer. Don't forget to ensure that the conveyancer can represent Aldermore. You can use our search tool to locate a South West London conveyancing firm on the Aldermore approved list of lawyers, which can often include conveyancing solicitors in South West London.
When it comes to mortgage companies such as Co-operative, do South West London conveyancing practitioners incur an annual charge to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
is it true that all South West London conveyancing solicitors on the HSBC conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the HSBC approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some lenders do permit licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.
We had selected solicitors located in South West London on the Nationwide solicitor panel. They are now charging me an additional fee for dealing with the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer is entitled to levy a fee for this. The charge is not dictated by Nationwide but by your South West London conveyancing practitioner. Plenty of firms on the Nationwide panel will levy an ‘acting for lender’ fee but some practices include it on their overall fee.
I am buying a new build flat in South West London. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in South West London
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are architect prepared.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a simple, chain free conveyancing. South West London is where the house is located. Is there any advice you can impart?
Flying freeholds in South West London are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South West London you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South West London may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Is there anything unique about your site and other internet conveyancing brokers when it comes to conveyancing in South West London?
At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in South West London. As opposed to estate agents and many comparison sites we do not operate commission deals with solicitors. A large number of agents and online brokers 'recommend' the firm who pay the most commission, not the best value conveyancing in South West London
My partner and I have AIP from Barclays who said we could borrow up to £218k. When do I need to instruct a lawyer for conveyancing? South West London is where we plan to move to.
You can appoint a conveyancing practitioner now and ask them to open a file on your behalf. This will kickstart: 1) the selling agent to send out the Sales Memo to the relevant parties 2) the seller’s lawyer to send out the draft agreement. That being said, do not instruct your conveyancer to start searches until you receive your valuation report from Barclays and you are content to move forward.