My husband and I are getting closer to an exchange on a property in Wandsworth and my mum and dad have transferred the 10% deposit to my solicitor. I am now told that as the deposit has not arrived from me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancing practitioner is legally required to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
It is a dozen years since I acquired my house in Wandsworth. Conveyancing lawyers have just been instructed on the sale but I am unable to find my deeds. Is this a major issue?
You need not be too concerned. Firstly the deeds may be kept by the lender or they could be in the possession of the lawyers who oversaw the purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Wandsworth relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
I am planning to acquire a flat and require a conveyancing solicitor in Wandsworth who is on the Alliance & Leicester approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Wandsworth. We dont recommend any particular firm.
My bid for a property was accepted at auction in Wandsworth. Conveyancing is necessary. What is next?
Given that you are now to all intents and purposes signed on the dotted line you will need to hire the services of a conveyancing solicitor quickly as you are faced with a fast approaching deadline in which to complete the transaction. Every auction property will have a corresponding auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the conveyancing papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should pass this on to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are in order to complete on the date specified in the contract.
Last month we had a mortgage agreed in principle with TSB. Wandsworth conveyancing solicitors are chosen. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB done the valuation? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I've read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Wandsworth solicitor - who is on the Bank of Ireland conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Wandsworth surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Wandsworth is the location of the property. What do you suggest?
Flying freeholds in Wandsworth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wandsworth you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wandsworth 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 property.
I am looking into buying my first house which is in Wandsworth and I am already nervous. I couldn't find anything specific about Wandsworth. Conveyancing will be needed in due course but do you know about the Wandsworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Wandsworth. In the meantime here are some basic statistics that we found