IfI were to buy a simple residential propertyin South West London mortgage fee and have no survey and no conveyancing searches how much would I expect to to save on my conveyancing in South West London?
Any savings you would make will be isolated to the disbursement for searches. A conveyancing practitioner still got to do everything else - money laundering, liaising with the vendors lawyer, SDLT return, register the ownership etc. A marginal saving might be made by not having to register a charge however it won't be meaningful.
I am about to put a bid on a leasehold apartment in South West London. The selling agents advise that it is the norm for flats in South West London to have less than 75 years left on the lease. I am obtaining a loan with Tesco Bank. Is this going to be a problem if the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/9/2020 the requirements read as follows :
is it true that all South West London solicitor practices on the Aldermore conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Aldermore conveyancing panel they would need to be regulated by the SRA. The majority of banks do list licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
The formalities of my remortgage has taken place for my property in South West London. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
HSBC have agreed my mortgage in principle, my bid on a flat in South West London has been accepted, now what?
The property agent will need to be advised as to your property lawyer's details (ensure that the conveyancers are on the bank’s approved list). Contact HSBC or your financial adviser and finish off any appropriate paperwork. HSBC will appoint a valuer who will get in contact with the estate agent or owners to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately ten days to get a mortgage offer. HSBC will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in South West London.
We are 14 days into a leasehold purchase having been directed to a firm by the estate agent to handle our conveyancing in South West London. I am am very frustrated with the level of service. Could you help me find new lawyers?
They would need to be very poor to suggest replacing them. Has your mortgage been sent? If so you need to inform them of the new conveyancer and get the mortgage documents are re-sent. Your conveyancer should be on the banks panel to avoid added charges and frustration. So that should be your first question of the new conveyancers. The find a solicitor tool can help you find a bank approved solicitor for your home move in South West London
I have just started marketing my garden apartment in South West London. Conveyancing lawyers have not yet been instructed, however I have just received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual because all rents and service invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a first floor flat in South West London. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?
You certainly can. We are happy to put you in touch with a South West London conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a South West London property 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.
Why can't I complete our conveyancing in South West London on a bank holiday?
This is due to the fact that on completion the sale price will be transferred electronically between the banks of the purchaser and seller's property lawyer and at present this can only happen on a working day. So you can't complete on a saturday or sunday either.