I plan on acquiring a leasehold flat in Morden Park. My property lawyer is not listed on the mortgage company approved panel. Is it possible for me to continue with my Morden Park conveyancing solicitor notwithstanding that they are not on the mortgage company panel?
Your options include
- Proceed with your existing Morden Park property lawyer but your bank will no doubt use a property lawyer on their approved panel. This will result in additional charges and likely interruption.
- Appoint a fresh solicitor to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Convince your lawyer to pull out all the stops to get accepted on the bank’s conveyancing panel
Can you vouch for a The Royal Bank of Scotland approved Morden Park conveyancing firm that can complete within two weeks? Am I best advised to unstruct a local Morden Park firm or a nationwide firm?
We can recommend some very good Morden Park conveyancing firms. You can also walk up the high street in Morden Park. Visit a couple of firms and ask to speak with a conveyancing solicitor for a costs illustration. Mention your time frames together with your reasons and get an assurance on your deadline. Select the one that you are most comfortable with.
My wife and I purchased a renovated Georgian house in Morden Park. Conveyancing practitioner acted for me and Bank of Scotland. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Bank of Scotland to clarify?
You should read 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 Morden Park and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing practitioner who conducted the conveyancing.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Morden Park I like with open areas and station nearby, however it only has 52 years on the lease. I can't really find anything else in Morden Park suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I need to retain a conveyancing solicitor for my conveyancing in Morden Park. I happened to chance upon a web site which seems to have the ideal solution If it is possible to get all this stuff completed 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?
Do online conveyancing organisations cover everything a local Morden Park solicitor does or must I retain a solicitor for the final stages for my conveyancing in Morden Park?
Where you choose an online conveyancer they should undertake all the work your Morden Park conveyancer would cover.