My bid for a property was accepted at auction in South West London. Conveyancing is required. What happens now?
Given that you have now for in every practical sense signed on the dotted line you should find a conveyancing lawyer quickly as you are facing a tight deadline in which to complete the property. All auction property should have a corresponding legal set of papers. This will likely include most,if not all of the paperwork that your conveyancer requires. In the case of leasehold property the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You need to hand this to your appointed conveyancing solicitor ASAP. Do make sure that that you have the requisite funding in order to complete the transaction on the set completion date.
Can I be sure that the South West London conveyancing solicitor on the Yorkshire BS panel is any good?
When it comes to conveyancing in South West London getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer carrying out your transaction.
Our offer on a semi in South West London has been agreed to, but there is a chain. The owners have put an offer on a property, however it’s not yet tied up, and have viewings of other flats booked. I have selected a bricks and mortar conveyancing solicitor in South West London. What should be my next step? When should I get the mortgage application with Skipton going?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then valuation, South West London conveyancing search charges, etc). First, you should check that your conveyancer is on the Skipton conveyancing panel. Concerning the subsequent phase this very much depends on the specifics of your transaction, attraction to the property and on the state of the market. During a hot market many home buyers would apply for a home loan with Skipton and arrange for the valuation and only if it comes back ok would they ask their conveyancer to proceed with the conveyancing in South West London.
Do commercial conveyancing searches reveal planned roadworks that may impact a commercial estate in South West London?
Many commercial conveyancing solicitors in South West London will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in South West London. The search result sets out definitive information 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 South West London.
For every commercial conveyancing transaction in South West London 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 may cause delays to South West London commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in South West London.
I'm purchasing a new build house in South West London with a loan from Accord Mortgages Ltd. The developers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not to tell my solicitor about this side-deal as it may put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in South West London I like with amenity areas and railway links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in South West London in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
In my capacity as executor for the will of my uncle I am disposing of a property in Neath but I am based in South West London. My lawyer (who is 235 kilometers from meneeds me to execute a stat dec ahead of completion. Could you suggest a conveyancing practitioner in South West London to attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in South West London
My wife and I purchased a leasehold house in South West London. Conveyancing and Coventry Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in South West London who acted for me is not around. Any advice?
First make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a South West London conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in South West London. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a South West London conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a South West London residence is 78 & 80 Newport Road in January 2013. the Tribunal concluded that the premium to be paid by the leaseholder in respect of the freehold reversion is £23,105 This case was in relation to 2 flats. The remaining number of years on the lease was 71.63 years.