I was advised recently by my broker that my Raynes Park the law firm I have appointed is not on the mortgage company Conveyancing panel. How can I be sure if this is correct?
The best course of action for you to take is to call your Raynes Park conveyancer. You lawyer should notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
We were just about to exchange contracts for a leasehold flat in Raynes Park. We have hit a stumbling block. The loan offer with Barnsley Building Society expires on 3/3/2026 but the sellers are insisting on a completion date of 5/3/2026. Is it possible to extend the loan expiry date?
The best person to address this issue is your solicitors who will hopefully determine whether he or she is corresponding with the mortgage company, vendor’s representatives, property agents or conceivably all parties given the history of your transaction to date.
What is the first thing I need to know about purchase conveyancing in Raynes Park?
Not many law firms shout this from the rooftops but conveyancing in Raynes Park or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there is lots of room for confrontation between you and others involved in the transaction. For example, the seller, selling agent and sometimes your mortgage company. Appointing a law firm for your conveyancing in Raynes Park an important selection as your conveyancer is your adviser, and is the SOLE person in the legal process whose interest is to act in your legal interests and to keep you safe.
On occasion a third party with a vested interest will attempt to sway you that it is in your interests to do things their way. For example, the estate agent may claim to be helping by suggesting your lawyer is slow. Or your financial adviser may tell you to do take action that is contrary to your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
How does conveyancing in Raynes Park differ for newly converted properties?
Most buyers of new build or newly converted property in Raynes Park come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Raynes Park usually buy the site, 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 accustomed to new build conveyancing in Raynes Park or who has acted in the same development.
As co-executor for the estate of my grandfather I am disposing of a property in Cardiff but reside in Raynes Park. My conveyancer (approximately 300 miles from mehas requested that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Raynes Park who can witness this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Raynes Park based
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Raynes Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Raynes Park conveyancing firm who can help.
An example of a Lease Extension case for a Raynes Park property is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The remaining number of years on the lease was 60.43 years.
In relation to leasehold conveyancing in Raynes Park what are the most frequent lease defects?
Leasehold conveyancing in Raynes Park is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
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Clauses dealing with recovering service charges for expenditure on the building or common parts.
You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Lloyds TSB Bank, Skipton Building Society, and Aldermore all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the purchaser to withdraw.