I require conveyancing for a flat in a relatively new development (6 years built) in South Wimbledon. The vast majority the appartments have already been occupied. Is it strictly necessary to order neighbourhood searches as part of conveyancing in South Wimbledon?
A big part of the South Wimbledon legal transfer of property is the conveyancing searches. There are a large number of search providers who offer South Wimbledon conveyancing searches, as well direct from the local authority. These are usually referred to as personal search organisation and they produce, not surprisingly, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authority.
Is there a reason why leasehold purchase conveyancing in South Wimbledon is more expensive?
In summary, leasehold conveyancing in South Wimbledon and elsewhere usually warrants more due diligence compared to freehold transactions. This includes lease investigation, liaising with the landlord concerning the service of required notices, procuring up-to-date service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
Due to the guidance of my in-laws I had a survey completed on a property in South Wimbledon ahead of instructing solicitors. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will refuse to issue a mortgage on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South Wimbledon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Wimbledon to see if the conveyancing costs will increase in light of this.
Do I need to be wary that 3rd parties that I am dealing with are suggesting an online conveyancing firm as opposed to a local South Wimbledon conveyancing practice?
As is the case with lots of professional services, often referrals from relatives can be worth their weight in gold. Nevertheless there are numerous players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all recommend lawyers to retain. On occasion these lawyers might be known to one of the organisations as experts in their field, but sometimes there might be a financial incentive behind the recommendation. You have the discretion to appoint your own conveyancer. You need to be aware that the majority of lenders have an approved list of solicitors you have to use for the mortgage aspect of your house move.
In my capacity as executor for the estate of my aunt I am selling a property in Swansea but live in South Wimbledon. My lawyer (approximately 200 kilometers awayrequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in South Wimbledon to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are located in South Wimbledon
Do you have any advice for leasehold conveyancing in South Wimbledon from the perspective of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in South Wimbledon can be bypassed where you appoint lawyers as soon as you market your property and ask them to put together the leasehold information needed by the buyers’ conveyancers. You believe that you know the number of years remaining on your lease but you should double-check via your conveyancers. A buyer’s lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is below 80 years. It is therefore important at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. The majority of freeholders or managing agents in South Wimbledon charge for supplying management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management information can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of frustration in leasehold conveyancing in South Wimbledon. If you are supposed to have a share in the Management Company, you should make sure that you have the original share document. Organising a duplicate share certificate is often a lengthy formality and delays many a South Wimbledon home move. If a new share is required, do contact the company director and secretary or managing agents (if relevant) for this as soon as possible.
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in South Wimbledon. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the sum to be paid.
An example of a Lease Extension decision for a South Wimbledon property is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case was in relation to 1 flat. The unexpired residue of the current lease was 62.94 years.