We selected a New Malden based solicitor for my conveyancing in New Malden today. After carefully reading the official terms of business I seeI am responsible for costs even where the conveyance does not complete. Should I go with them or appoint a web based conveyancing brokerage offering no-sale-no-fee conveyancing in New Malden?
It is usually ‘give and take’ in that if "No Sale No Fee" is offered then the conveyancing charges will tend to be be uplifted to cover those transactions that do not go ahead. Do bear in mind that these promotions rarely cover disbursements e.g. New Malden conveyancing search fees.
My grandson is purchasing a newly built flat in New Malden with a home loan from Nationwide. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nationwide conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
4 months have gone by since my purchase conveyancing in New Malden concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build apartment in New Malden. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in New Malden
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
Due to the advice of my in-laws I had a survey completed on a house in New Malden before appointing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some banks may refuse to grant a loan on such a house.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in New Malden. Conveyancing will be smoother if you use a solicitor in New Malden especially if they are familiar with such properties in New Malden.
In what way can the Landlord & Tenant Act 1954 impact my commercial property in New Malden and how can your lawyers assist?
The 1954 Act provides a safeguard to business leaseholders, giving them the legal entitlement to apply to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. New Malden is one of the numerous areas of the UK in which the firms we work with are based