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Conveyancing in Merton : Keep it Local

Reasons to use our Merton conveyancing solicitors

  • 1 The accumulation of transactions means that Merton lawyer have established valuable links with Merton local estate agents, banks, building societies, landlords and property developers enabling them to liaise at speed with all parties involved in the process of undertaking your house sale or purchase in Merton.
  • 2 The Merton conveyancing practitioners that are listed are committed to supplying the most cost, efficient and accessible conveyancing service to purchasers, sellers and investors in Merton
  • 3 Merton conveyancers work in conjunction with Merton estate agents, developers, surveyors, lenders and other professionals to make sure that a quality service is offered to home movers every step of the way, helping make the process as straightforward as possible
  • 4 Retaining the services of a high street Solicitor on the whole results in a more personal touch. Sometimes when dealing with a large conveyancing firm, you tend to be looked after by a team of people who who update you by determining whether the ‘computers says no’.
  • 5 Solicitors accustomed to conveyancing in Merton have a grasp oflocal concerns specific to Merton and therefore you may benefit from better advice and faster conveyancing.

Examples of recent conveyancing in Merton since March 2024*

Recently asked questions about conveyancing in Merton

Is it realistic for conveyancing in Merton to be concluded in a month?

In the event that you are under a tight deadline to sign contracts we would recommend that your lawyer is familiar with the location as they will make use of local contacts and knowledge. It is even conceivable that they could have transacted previoushomes in the same neighbourhood. You would be best advised to use a Merton conveyancing lawyer. Second, check that the lawyer is on the on the approved list for your mortgage company. It is understood that just under twenty per cent of Merton conveyancing transactions are delayed or derailed after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being held up by almost 21 days. It is claimed that this issue impacts approximately 100,000 home sales every year. Many Merton conveyancing firms can not represent certain banks so do check at the outset.

At what point does exchange of contracts happen for residential conveyancing in Merton and do I need to attend the solicitors branch?

Where you are local to one of the conveyancing solicitors in Merton you are welcome to come in to sign contracts. That being said, the firms we recommend supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the important part. Signing on the dotted line is necessary for the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Merton)to be in the office available at the end of the phone to exchange contracts.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Merton?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Merton. 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…’

What is different about your site and alternative web based conveyancing brokers when it comes to conveyancing in Merton?

At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Merton. As opposed to estate agents and many comparison sites we do not have referral arrangements with solicitors. Some agents and online brokers 'recommend' solicitors who pay the highest commission, rather than the best value conveyancing in Merton

Last December I purchased a leasehold property in Merton. Am I liable to pay service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I acquired a basement flat in Merton, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Merton with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2086

With 62 years remaining on your lease we estimate the premium for your lease extension to span between £17,100 and £19,800 plus professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.

After what feels like an age I have had an offer on an flat in Merton agreed to, the seller does however have a dependent purchase. The owners have offered on somewhere, although it’s not yet tied up, and has viewings of other flats booked. I have chosen a local conveyancing lawyer in Merton. What do I do now? At what point should I apply for the mortgage with Co-operative?

It is standard to have apprehensions where there is an associated chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then survey, Merton conveyancing search fees, etc). First, you should check that your property lawyer is on the Co-operative approved list. Concerning the next stages this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. During a buoyant market the majority of buyers will apply for the mortgage with Co-operative and arrange for the valuation and only if it comes back ok would they request their property lawyer to press on with searches.

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Typically, Merton conveyancing for a purchase has some of the following tasks

  • Conveyancing practitioner instructed by the buyer once the offer has been accepted
  • Investigating the title to the premises
  • Ordering Merton searches for the title
  • Assessing draft contract and other documentation prepared the seller’s solicitor
  • Raising enquiries with the vendor’s solicitor
  • Negotiating the purchase contract
  • Assessing replies supplied by the vendor to pre-exchange enquiries
  • Agreeing the wording for the Transfer Deed for completion
  • Advising the purchasing in respect of the mortgage offer: (if applicable)
  • Drawing up and sending the purchaser a report on title (that is; reporting to the buyer on the contents of the contract pack, pre-contract enquiries and the result of the searches)
  • Carrying out the key stage of exchanging contracts and then completion of the purchase
  • Completion of and submitting to HMRC the appropriate SDLT forms and payment
  • Registering the transfer of ownership and the home loan (if appropriate) at the HM Land Registry.

Domestic conveyancing in Merton normally consists of the following:

  • Property lawyer instructed by the seller on acceptance of the offer
  • Collating the documents evidencing the title to the property
  • Drawing up the contract and associated papers
  • Submitting draft papers to the conveyancer acting for the buyer
  • Negotiating contracts and answering supplemental queries from the purchaser’s conveyancer
  • Negotiating the transfer document
  • Responding to requisitions prepared by the purchaser’s conveyancer
  • Carrying out the key stage of exchanging contracts and then completion of the sale
  • Receiving sale proceeds and sending funds to the vendor, the estate agent and repaying the home loan (where applicable)

Transfer of Equity conveyancing in Merton normally consists of the following:

  • Obtaining instructions from the appropriate parties
  • Collating the documents evidencing the title to the property
  • Representing mortgage company (where appropriate)
  • Negotiating the terms of the transaction
  • Preparing the Transfer or approving the Transfer deed
  • Agreeing amendments to the the Transfer deed
  • Corresponding with parties with regards to the Transfer
  • Agreeing and preparing for completion
  • Receiving and releasing funds to relevant parties
  • Completing and submitting to HM Revenue and Customs the appropriate stamp duty forms and payment
  • Registering the transfer of ownership and the mortgage (if relevant) at the HMLR.

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.