Just been in touch with my conveyancing solicitor in Wimbledon who acted for me 18 months ago and wanted a conveyancing estimate based on the same type of house move (a leasehold property and a freehold premises) of almost identical values with a mortgage from Godiva Mortgages Ltd. I am now being quoted double. Should I hunt for a cheaper online conveyancer?
The quote is slightly on the steep side. Where you are happy to spend time scrutinising prices you could decrease the fees marginally by as much as £125. On the other hand, if you were content with the service the firm provided you couldcome to rue choosing an an untested lawyer. If is important to enquire that the firm can also act for Godiva Mortgages Ltd. You can use our search tool to get a quote a Wimbledon conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Wimbledon.
Can you explain why leasehold purchase conveyancing in Wimbledon is more expensive?
In short, leasehold conveyancing in Wimbledon and elsewhere usually involve extra work compared to freehold conveyancing. This includes reviewing the lease, liaising with the landlord about the service of applicable notices, securing up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
The Wimbledon conveyancing solicitors that just started acting on my purchase in Wimbledon have without warning closed. I only went with them because I had to have a firm on the Kent Reliance conveyancing panel and my previous Wimbledon lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
I am purchasing my first flat in Wimbledon with the aid of help to buy. The builders would not budge the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my lawyer about this side-deal as it would jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I am looking for a flat up to £235,500 and identified one round the corner in Wimbledon I like with amenity areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Wimbledon suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
As co-executor for the will of my aunt I am selling a property in Monmouth but reside in Wimbledon. My solicitor (approximately 300 miles awayneeds me to execute a stat dec prior to completion. Could you suggest a conveyancing solicitor in Wimbledon who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are based in Wimbledon