At what point does exchange of contracts happen for sale conveyancing in New Malden and do I need to be at the conveyancers branch?
Where you are round the corner to one of the conveyancing solicitors in New Malden you are welcome to come in to sign documents. That being said, the firms we recommend supply a countrywide conveyancing service and give just as detailed and professional a job for you when communicating with you by post or email. The executing of the purchase agreement is not the critical part. Signing on the dotted line simply enables the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in New Malden)to be in the office available at the end of the phone to exchange contracts.
Our bank has recommended solicitors on their panel based in New Malden but I would rather instruct a conveyancing lawyer in New Malden local to me. Are you able to assist?
Not all New Malden conveyancing firms are on all banks conveyancing panel. Use the above search tool to locate a New Malden conveyancing firm on the on the bank panel.
3 months have gone by since my purchase conveyancing in New Malden completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. New Malden is where the house is located. Can you shed any light on this issue?
Flying freeholds in New Malden are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in New Malden you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Malden may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Should I go with a New Malden conveyancing solicitor based in the vicinity that I am buying? An old friend can handle the legal formalities however his firm is located 400kilometers drive away.
The benefit of a high street New Malden conveyancing practice is that you can drop in to sign documents, hand in your identification documents and apply pressure on them if necessary. Having local New Malden know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that should outweigh using an unfamiliar New Malden conveyancing lawyer just because they are based in the area.
Why do New Malden conveyancing charges are more expensive for leasehold and freehold properties?
There is always increased work involved in leasehold conveyancing. New Malden has many leasehold properties. There is more hours involved in the purchase: for example, the lease and leasehold information (including current service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.