I am acquiring residence in Wimbledon. My property lawyer is not on the mortgage company solicitor panel. Can I still retain my Wimbledon conveyancing solicitor even though they are not on the mortgage company panel?
You have a couple of alternatives available to you here
- Proceed with your preferred Wimbledon solicitor but your mortgage company will need to instruct a conveyancer from their conveyancing panel. The net result is additional charges together with potential frustration.
- Choose a new conveyancer to act in the purchase, obviously checking they are on the bank conveyancing panel.
- Appeal to your property lawyer to seek to join the lender panel
When will exchange of contracts take place for sale conveyancing in Wimbledon and do I need to be at the lawyers branch?
Where you are round the corner to one of the conveyancing solicitors in Wimbledon you are welcome to attend to sign documents. However, the law practices 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 contract is not the point of no return. A signed contract is just a prerequisite for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wimbledon)to be in the office available at the end of the phone to exchange contracts.
My colleague suggested that if I am purchasing in Wimbledon I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Wimbledon conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Wimbledon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Wimbledon Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Wimbledon Education with plans and statistics, Local Amenities and other useful data concerning Wimbledon.
How does conveyancing in Wimbledon differ for newly converted properties?
Most buyers of new build premises in Wimbledon come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Wimbledon tend to acquire the land, 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 Wimbledon or who has acted in the same development.
How simple is it to use your search tool to locate a conveyancing practitioner in Wimbledon on the approved list for my lender?
1st pick a mortgage company such as Accord Mortgages Ltd, Leeds Building Society or Britannia then specify your location for instance Wimbledon. Conveyancing practices in Wimbledon and nationally will then be shown.
We are in the process of buying a property in Wimbledon. Could the lawyer have our purchase price confidential from the likes of Rightmove. How can this be achieved ?
HM Land Registry are legally obliged to disclose price paid data on the official title for residential properties nationwide including premises in Wimbledon. The register of ownership is a public document, so HMLR would be breaching their statutory duty excluded certain properties such as your one in Wimbledon.
In essence you can ask the Land Registry to withhold the price paid data yet the response will be a No.