As someone not used to conveyancing in Morden what is the number one tip you can impart concerning the legal transfer of property in Morden
Not many law firms shout this from the rooftops but conveyancing in Morden and elsewhere in South West London is often a confrontational process. In other words, when it comes to conveyancing there exists an abundance of opportunity for friction between you and others involved in the transaction. For instance, the vendor, estate agent and sometimes the bank. Appointing a solicitor for your conveyancing in Morden should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to look after your legal interests and to protect you.
Every so often a third party with a vested interest may try and convince you that it is in your interests to do things their way. For instance, the selling agent may claim to be helping by suggesting your lawyer is slow. Or your mortgage broker may tell you to do something that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
When it comes to mortgage companies such as Nationwide, do Morden lawyers face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
Last month we had a mortgage agreed in principle with Nottingham. Morden conveyancing lawyers are chosen. How long does it take for Nottingham to forward the offer to the property lawyer?
Some lenders take longer than others. Have Nottingham completed the survey? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I recently had an offer agreed on a house in Morden. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £150. Shortly after, the property lawyer called me sheepishly admitting that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Morden differ for newly converted properties?
Most buyers of new build property in Morden come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Morden tend to buy the real estate, 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 conveyancers 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 Morden or who has acted in the same development.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Morden I like with open areas and transport links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Morden for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
Taking into account that I will soon part with hundreds of thousands of pounds on a garden flat in Morden I would like to have a conversation with the conveyancer about myhouse move in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - we would be happy to talk to you we do not take any clients on without you speaking to the solicitor due to be carrying out your property ownership legalities in Morden.There is no ‘factory style conveyancing’ - every client is unique individual, not a file reference. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Morden should be the figure that you are charged.
As co-executor for the will of my grandfather I am disposing of a property in Newport but live in Morden. My lawyer (who is 200 kilometers awayhas requested that I sign a statutory declaration before completion. Can you recommend a conveyancing lawyer in Morden who can witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Morden based