We selected a high street lawyer for our conveyancing in Wandsworth today. Looking through the official terms of business I notewe are liable for fees even if the sale aborts. Should I ditch them and use a web based firm promising no-sale-no-fee conveyancing in Wandsworth?
Generally there is a concession along the lines that if "No Sale No Fee" is offered then the fee levels will generally be higher to cover those transactions that do not proceed. Please beware that such offerings tend not to protect you from outlay by way of example Wandsworth conveyancing search costs.
We are only a couple days away from an exchange on a property in Wandsworth and my mum and dad have sent the ten percent deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is duty bound to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Do I need to take out insurance to cover chancel repairs when buying a residence in Wandsworth?
Unless a previous acquisition of the premises completed post 12 October 2013 you may assume that solicitors carrying out conveyancing in Wandsworth to continue to recommend a chancel search and or chancel repair liability policy.
How does conveyancing in Wandsworth differ for new build properties?
Most buyers of new build residence in Wandsworth contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Wandsworth tend to purchase 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 conveyancers 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 accustomed to new build conveyancing in Wandsworth or who has acted in the same development.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Wandsworth. I've land on a site which seems to have the perfect offering If there is a chance to get all formalities done via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Looking forward to sign contracts shortly on a studio apartment in Wandsworth. Conveyancing solicitors inform me that they report fully tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Wandsworth should include some of the following:
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specifics of the parties to the lease, for instance these could be the leaseholder, superior lessor, freeholder Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Will you be prohibited or prevented from having pets in the property? Does the lease prevent you from renting out the flat, or having a home office for business
I am the registered owner of a a ground floor purpose built flat in Wandsworth. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?
if there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the price.
An example of a Freehold Enfranchisement case for a Wandsworth premises is 4 Galveston Road in August 2012. The Tribunal determined that the price payable in respect of the purchase of the freehold was £22,650. The Tribunal remited this matter back to the Wandsworth County Court for execution of the freehold Transfer Deed. This case was in relation to 2 flats.