Me and my partner are acquiring our first property. The solicitor has messagedto see if we wish to take out extra conveyancing searches. We are really unsure what's needed for conveyancing in Teddington
The type of Teddington conveyancing searches depends entirely on the property, the location, the probability of any of these risks, your knowledge of the area and risks, your overall approach to risk. What is important is that you properly comprehend what information the searches could give you. Then you can make a decision if you personally think you need that information. Should you be uncertain, ask your conveyancing practitioner to recommend.
I am helping my niece sell her flat in Teddington. Will the conveyancing solicitor arrange an energy assessment or it is for the seller to see to?
Following the abolition of Home Information Packs, EPC’s became a required element of moving house. An energy assessment should be to hand prior to the property being put on the market. It is not a task that law firms normally organise. If you are instructing a Teddington conveyancing lawyer they may be willing to arrange energy performance certificates due to their contacts with long established Teddington energy assessors
Can I be sure that the Teddington conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Teddington obtaining 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 advocate that you speak with the solicitor carrying out your conveyancing.
It is unclear whether my bank requires a lease extension. I have called into my local Teddington bank branch on numerous occasions and was advised it wasn't a problem and they would lend. My Teddington conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
Provided that the lawyer is on the lender approved list, she or he must comply with the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have todayfound out that Action Conveyancing have closed. They carried out my conveyancing in Teddington for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The easiest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Teddington conveyancing specialists.
How does conveyancing in Teddington differ for newly converted properties?
Most buyers of new build premises in Teddington come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Teddington typically buy the real estate, 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 used to new build conveyancing in Teddington or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Teddington I like with open areas and transport links in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Teddington suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
My husband and I are novice buyers - agreed a price, yet the estate agent advised that the owners will only proceed if we appoint their recommended solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Teddington
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Try to communicate with the vendors directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your preferred Teddington conveyancing firm - not the ones that will provide their negotiator at the agency a commission or achieve conveyancing figures set by senior management.