Just contacted my conveyancing solicitor in Morden Park who completed the legal work two years ago and wanted a conveyancing quote based on an identical type of home move (a leasehold property and a freehold property) of similar values with a mortgage from Halifax. I am now being charged double. Better the devil I know or do I try and find an alternative property lawyer?
The estimate does seem a tad on the high side. If you shop around you might trim some of the expense by perhaps £125. On the other hand, assuming were content with the conveyancing the firm offered you maycome to regret opting for an an untested conveyancer. Don't forget to enquire that the firm can represent Halifax. Do make use of our search tool to get a quote a Morden Park conveyancing firm on the Halifax approved list of lawyers, which can often include conveyancing solicitors in Morden Park.
I happen to be the only recipient of my late mum's will and I have everything in my name alone, including the my former home in Morden Park. The Morden Park property was put into my name in May. I now wish to sell up. I understand that there is a CML 6 month 'rule', meaning my property ownership could be regarded the same way as though I had purchased the property in May. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view lenders take of it, depend on the mortgage company as this provision principally exists to identify the purchase and immediately sell or the wholesaling and assigning of property.
I am currently in the process of buying my council flat in Morden Park. I have a mortgage agreed with HSBC. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
Completion of my purchase has taken place for my property in Morden Park. Conveyancing was of an acceptable standard 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 Department at head office. We understand that complaints to a lender are sorted out 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.
Will my lawyer be asking questions regarding flooding during the conveyancing in Morden Park.
The risk of flooding is if increasing concern for lawyers dealing with homes in Morden Park. There are those who purchase a property in Morden Park, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, however there are a numerous searches that may be initiated by the buyer or by their lawyers which will figure out the risks in Morden Park. The conventional set of property information forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to discover if the premises has historically flooded. If the residence has been flooded in past and is not revealed by the vendor, then a buyer may bring a claim for damages as a result of such an misleading response. A purchaser’s solicitors should also order an environmental report. This should higlight if there is a recorded flood risk. If so, further inquiries should be carried out.
Just had an offer accepted on a new build apartment in Morden 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 legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Morden Park
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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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied 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?
Do I need to be wary about brokers that I am dealing with are encouraging me to use an internet conveyancing firm rather than a local Morden Park conveyancing company?
As with lots of service providers, often suggestions from family and friends can be worth their weight in gold. But there are many people with a keen interest in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all suggest conveyancers to use. On occasion the lawyers might be known to one of the organisations as being good in their field, but occasionally there might be a financial incentive behind the endorsement. You have the discretion to choose your own lawyer. You need to be aware that the majority of mortgage providers specify a panel list of law firms you must use for the mortgage related work in your house move.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Morden Park. I happened to land on a site which appears to be the perfect answer If there is a chance to get all formalities done via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?