AssumingI were to buy a simple residential homein Streatham for cash and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Streatham?
Any savings you would gain would be limited to the Streatham conveyancing searches. A solicitor still got to do everything else - money laundering, liaising with your sellers conveyancer, SDLT submission, register the ownership etc. You might save a bit for them not needing to register a charge however it will not be a lot.
At what point can the exchange of contracts occur in sale conveyancing in Streatham and am I required to attend the solicitors branch?
If you are near to our conveyancing solicitors in Streatham you are welcome to come in to sign the paperwork. However, the firms we work with supply a national conveyancing service and give as equally diligent and professional a job for you when communicating with you by post or email. The executing of the property agreement is not the point of no return. Signing on the dotted line simply enables the firm to exchange contracts at the suitable time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Streatham)to be in the office at the appropriate time.
I have been told that property searches are the primary reason for stalling in Streatham house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Streatham.
How does conveyancing in Streatham differ for new build properties?
Most buyers of new build or newly converted property in Streatham come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Streatham usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Streatham or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Streatham I like with amenity areas and transport links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Streatham suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could ask them to start the process of the extension 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 lawyer about this.
In my capacity as executor for the estate of my aunt I am disposing of a residence in Newport but live in Streatham. My conveyancer (who is 250 kilometers awayhas requested that I sign a statutory declaration prior to completion. Could you suggest a conveyancing solicitor in Streatham who can witness this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Streatham