I hired a high street lawyer for our conveyancing in Merton Park today. After carefully reading the official terms of business I seewe are responsible for costs even if the dealdoes not happen. Would I be best advised to use a web based conveyancing company offering no-sale-no-fee conveyancing in Merton Park?
Generally there is a compromise along the lines that if "No Sale No Fee" is offered then the conveyancing charges will tend to be be uplifted to offset those transactions that do not go ahead. Please beware that such arrangements generally do not protect you from outlay e.g. Merton Park conveyancing search fees.
We have agreed to purchase a house in Merton Park. One unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Virgin Money your lawyer must follow the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Virgin Money where a lease fails to comply with these requirements. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Merton Park.
Completion of my purchase has taken place for my property in Merton Park. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
My sealed bid on a property in Merton Park has been agreed to, but there is a chain. The sellers have put an offer on on an apartment, however it’s not yet tied up, and are looking at other apartments booked. I have instructed a bricks and mortar conveyancing solicitor in Merton Park. What do I do now? At what stage do I apply for the mortgage with Nottingham?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx one thousand pounds, then survey, Merton Park conveyancing search charges, etc). The first thing to do is check that your solicitor is on the Nottingham conveyancing panel. As to the next phase this very much depends on the uniqueness of your transaction, motivation for the property and on the state of the market. During a buoyant market the majority of home buyers would apply for a home loan with Nottingham and arrange for the valuation and only if it comes back ok would they request their conveyancer to move forward with searches.
Me and my brother purchased a 4 bedroom Victorian property in Merton Park. Conveyancing lawyer represented me and Barnsley Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Merton Park and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who completed the work.
About to purchase a new build flat in Merton Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Merton Park
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants.
I decided to have a survey done on a property in Merton Park before instructing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some banks tend not grant a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Merton Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Merton Park to see if the conveyancing costs will increase in light of this.
I am a sole trader wishing to lease a unit on the high street. Can you recommend lawyers offering fixed fees for non-domestic conveyancing in Merton Park for under 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Merton Park, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right firm. As for the fees this will depend on the structure and nuances of the deal. Let us have your contact information or phone us so that we may furnish you with comprehensive commercial conveyancing quote.