I'm in the process of switching my domestic home loan to a BTL TSB mortgage. The bank has said that I must appoint a conveyancer as part of the process. I had a chat the same Putney conveyancing solicitor who acted on my behalf when I initially purchased the premises. The quote issued of £450 plus VAT has shocked me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a little steep. If you are content to spend time comparing quotes you could shave off some of the expense by perhaps £100 plus VAT. That being said, assuming were pleased with the service the firm provided you couldcome to regret choosing an an untested lawyer. Remember to check the solicitor can also act for TSB. You can use our search tool to get a quote a Putney conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Putney.
Do commercial conveyancing searches disclose impending roadworks that may impact a commercial land in Putney?
Its becoming the norm that commercial conveyancing solicitors in Putney will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Putney. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Putney.
For every commercial conveyancing transaction in Putney it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Putney commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Putney.
My wife and I purchased a renovated Victorian property in Putney. Conveyancing practitioner acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Putney and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing practitioner who conducted the purchase.
How does conveyancing in Putney differ for newly converted properties?
Most buyers of new build residence in Putney contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Putney tend to buy the real estate, 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 Putney or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one near me in Putney I like with open areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Putney in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My husband and I are novice buyers - had an offer accepted, yet the property agent informed us that the owners will only go ahead if we appoint the agent's recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a local conveyancer who is accustomed to conveyancing in Putney
We suspect that the seller is not behind this demand. Should the vendor require ‘a quick sale', turning down a serious buyer is not the way to achieve this. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you intend to use your preferred Putney conveyancing firm - as opposed tothe ones that will give the negotiator at the agency a kickback or meet his conveyancing thresholds set by corporate headquarters.