I am hoping to receive a mortgage offer from Santander. My intention is to instruct a Licensed Conveyancer in Morden Park. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
We are selling our apartment in Morden Park. Will my conveyancer have to be required to be on the Skipton conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Skipton conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Have purchased a a terraced house in Morden Park , What is the estimated time for the Land Registry to record my ownership? My Morden Park conveyancing solicitor works at snail pace, so I want to be sure the registration is addressed.
There is nothing unique about conveyancing in Morden Park registration formalities. As opposed to being determined by geographic area, timeframes can adjust according to who lodges the application, whether it is in order and if the Land registry need to notify any third parties. Currently approximately three quarters of submission are completed in less than three weeks but occasionally there can be extensive delays. Historically registration is effected after the buyer is living at the premises thus 'speed' is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your conveyancer must speak with the land registry and explain the circumstances.
How does conveyancing in Morden Park differ for newly converted properties?
Most buyers of new build or newly converted property in Morden Park contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Morden Park typically buy the land, 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 conveyancing solicitors 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 Park or who has acted in the same development.
I'm refinancing my existing property to a buy to let loan with Clydesdale and intend to use the remaining equity as a down payment on further property. The neighborhood we are interested in is Morden Park. Will your lawyers be able to act for both sets of banks and tie in the transactions?
Make use of our search tool on this site to ensure that the conveyancers are on the relevant lender panels. Assuming that they are the lawyer will be able to connect the two transactions but you should have a chat with you solicitor and specify your expectations and requirements.
Do you have any top tips for leasehold conveyancing in Morden Park from the point of view of expediting the sale process?
- Much of the delay in leasehold conveyancing in Morden Park can be reduced if you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold information which will be required by the purchasers’ solicitors. If you have the benefit of shareholding in the Management Company, you should make sure that you have the original share certificate. Organising a re-issued share certificate can be a time consuming process and delays many a Morden Park home move. If a new share certificate is necessary, do contact the company director and secretary or managing agents (if relevant) for this at the earliest opportunity. You may think that you are aware of the number of years remaining on your lease but it would be wise to verify this by asking your solicitors. A buyer’s lawyer will be unlikely to recommend their client to where the lease term is below 75 years. In the circumstances it is essential at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. If there is a history of any disputes with your landlord or managing agents it is very important that these are settled prior to the flat being marketed. The buyers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is better to present the dispute as historic rather than ongoing.
I inherited a garden flat in Morden Park. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
Most certainly. We are happy to put you in touch with a Morden Park conveyancing firm who can help.
An example of a Lease Extension case for a Morden Park flat is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The unexpired lease term was 60.43 years.