We were just about to sign contracts for a ground floor flat in South Wimbledon. We encountered a stumbling block. Our mortgage offer with Clydesdale runs out on 16/8/2021 but the sellers are putting forward a completion date of 18/8/2021. Can one prolong the loan expiry date?
The best person to deal with your issue is your conveyancer who should assess if they better off negotiating with the mortgage broker, vendor’s representatives, selling agents or indeed all three taking into account the history of your transaction to date.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The lawyers who conducted the conveyancing in South Wimbledon 10 years ago no longer exist. What are my next steps?
In today’s world there are copies made of almost everything, and your conveyancer will be aware precisely where to look for all the relevant paperwork so you may buy or sell your house without a hitch. If copies can’t be located, your lawyer may be able to put in place insurance or indemnities protecting you against possible claims on your property.
I'm buying a new build house in South Wimbledon with a mortgage from Coventry Building Society. The developers refused to budge the price so I negotiated 6k of extras instead. The estate agent told me not disclose to my conveyancer about this side-deal as it will affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. South Wimbledon is the location of the property. What do you suggest?
Flying freeholds in South Wimbledon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South Wimbledon you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Wimbledon may determine 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 premises.
In what way can the Landlord & Tenant Act 1954 affect my commercial offices in South Wimbledon and how can your lawyers assist?
The particular law that you refer to affords protection to business leaseholders, giving them the legal entitlement to apply to court for a renewal lease and continue in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in South Wimbledon
In my capacity as executor for the estate of my father I am disposing of a residence in Newport but live in South Wimbledon. My lawyer (approximately 200 miles awayrequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing solicitor in South Wimbledon who can attest this legal document for me?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are based in South Wimbledon