I am searching for value for money conveyancer. Should I go for for a web based conveyancer or a local New Malden conveyancing lawyer?
Established third party relationships are another important factor to consider when appointing conveyancing lawyers. New Malden conveyancers often have connections with financial advisers and agents, local authorities, valuers and other law firms meaning the whole process is going to be much more straightforward for you. Possessing a sound intelligence of the local area is an advantage.
I am acquiring a newly built duplex in New Malden and my lawyer is informing me that she is duty bound to the mortgage company to reveal incentives from the developer. I am on a tight deadline to exchange and I would rather not delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I purchased a freehold house in New Malden but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in New Malden and has limited impact for conveyancing in New Malden but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
What is the difference between a licensed conveyancer and conveyancing solicitor in New Malden
Two types of professional can carry out conveyancing in New Malden namely licenced conveyancers or solicitors. The two can handle the legal services that required to complete the disposal or purchase of property. They are both required to carry out New Malden conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that the necessary procedures will be appropriately adhered to.
I am assisting my sister sell her flat in New Malden. Does the conveyancer arrange the energy assessment or should I organise this?
After the abolition of Home Packs, energy assessments was kept a required part of selling a property. An energy performance certificate should be commissioned in advance of the property being put on the market. This is not something that solicitors normally organise. Where you are using a New Malden conveyancing practitioner they may be able to arrange energy assessments due to their contacts with long established New Malden providers
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my New Malden bank branch on numerous occasions and was told it does not impact the mortgage offer and they would lend. My New Malden conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the conveyancing practitioner is on the lender approved list, she or he must comply with the CML Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am buying a new build apartment in New Malden. Conveyancing is a frightening process 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 few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in New Malden
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I have been pointed in your direction by a number of property agents in New Malden to choose a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to promote your lawyers over alternative conveyancing organisations?
We don’t give any referral fee for directing people our way. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.