At what point will exchange of contracts take place for purchase conveyancing in Wandsworth and am I required to be at the lawyers branch?
Where you are near to our conveyancing solicitors in Wandsworth you are invited in to sign contracts. That being said, the firms we recommend supply countrywide coverage for conveyancing and give just as diligent and professional a job for you when communicating with you digitally. The signing of the sale agreement is not the critical part. Signing on the dotted line simply enables the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wandsworth)to be in the office at the appropriate time.
I am selling my apartment in Wandsworth. Does my conveyancing practitioner need to be on the Barclays conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
A relative advised me that if I am purchasing in Wandsworth I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Wandsworth conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Wandsworth around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information concerning Wandsworth.
Are there restrictive covenants that are commonly picked up during conveyancing in Wandsworth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Wandsworth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey completed on a property in Wandsworth before instructing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend not grant a loan on this type of house.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wandsworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wandsworth to see if the conveyancing will be more expensive.
As a tenant I am liable for a maintenance contribution for my property in Wandsworth. As a result of flawed financial planning I fell behind with remittance. The freeholders agreed a payment schedule but there is still two currently outstanding.
I am under pressure to sell and I am concerned this can threaten to derail the sale if I have to pay off the arrears now. I'd like to sell up and then repay the arrears from the proceeds - is this achievable?
Your lawyer should be able to negotiate with the management company, and agree with them whether or not they would accept settlement from completion monies. This is an example of why it is advisable to select a conveyancer in Wandsworth as they may well enjoy an open line of communication with the parties.