AssumingI was to buy a straightforward housein Tooting Bec for cash and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Tooting Bec?
Any savings you would gain would be isolated to the Tooting Bec conveyancing searches. A lawyer still be obliged to do everything else - money laundering, liaising with the vendors lawyer, SDLT return, register the title etc. A slight saving might be made by not having to register a mortgage but it will not be a lot.
It is a dozen years since I acquired my home in Tooting Bec. Conveyancing solicitors have recently been instructed on the sale but I am unable to locate the deeds. Is this a major issue?
Don’t worry too much. Firstly there is a possibility that the deeds will be retained by the mortgage company or they may be in the possession of the lawyers who acted in your purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Tooting Bec involves registered property but in the unlikely event that your property is unregistered it is more of a problem but is resolvable.
We just had an offer accepted to buy with Loughborough BS. We have called around locally but am unable to find a Tooting Bec conveyancing firm on the Loughborough BS approved list. Please you assist?
Feel free to make use of the find a conveyancing panel solicitor tool on this page. Please choose the building society and type Tooting Bec or your preferred area and you will discover a number of lawyer offices in Tooting Bec or by proximity to you.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Tooting Bec?
There are many recorded licenced Conveyancers in Tooting Bec and Solicitor firms in Tooting Bec offering conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. Both can handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
We have a mortgage agreed in principle with HSBC. Tooting Bec conveyancing practitioners are selected. What is the average time that one could expect to receive a mortgage offer from HSBC?
There is no definitive answer here. Have HSBC done the valuation? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have paid off my mortgage with Virgin Money. I assume I don't need a Tooting Bec lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
I am buying a new build house in Tooting Bec benefiting from help to buy. The builders would not move on the amount so I negotiated 6k of additionals instead. The estate agent told me not reveal to my conveyancer about this extras as it will adversely affect my loan with Norwich and Peterborough Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Tooting Bec cover?
Tooting Bec conveyancing for business premises covers a broad range of advice, offered by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.