My fiance and I are looking to buy a home in South Wimbledon and are in fact using a South Wimbledon conveyancing practice. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Skipton Building Society have this evening contacted us to advise us that there is now an issue as our South Wimbledon lawyer is not on their approved list of lawyers. Is this a problem?
Where you are buying a property with the assistance of a mortgage it is conventional for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own South Wimbledon solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Do the conveyancing lawyers identified via your search tool handle auction conveyancing in South Wimbledon?
There are a number of auction lawyers we can connect you with those specialising in auction conveyancing. South Wimbledon is just one of the many locations where our lawyers have offices.
I am looking for a ground for flat up to £245,000 and identified one round the corner in South Wimbledon I like with open areas and station in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in South Wimbledon suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
How can the Landlord & Tenant Act 1954 affect my commercial property in South Wimbledon and how can you help?
The particular law that you refer to gives security of tenure to business leaseholders, giving them the right to apply to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in South Wimbledon
I need to appoint a conveyancing solicitor for remortgage conveyancing in South Wimbledon. I happened to discover a site which looks to be the ideal answer If it is possible to get all the legals completed via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I need to find a lender panel solicitor in South Wimbledon. Could you help me?
Unfortunately it’s not apparent why you need a South Wimbledon panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in South Wimbledon are on their panel . If you do find such a firm in South Wimbledon not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site