My best friend’s sister is a conveyancing practitioner. I am hopeful that I will receive friends and family rates for conveyancing, However if that does not come materialise, what level of costs would I typically be looking at for conveyancing in Tolworth?
You should contrast pricing. Do use our comparison tool on this page. The quotes may contrast greatly but service levels do differ between law firms as is true with the vast majority of professional services.
My partner and I are getting closer to an exchange on a house in Tolworth and my mum and dad have transferred the ten percent deposit to my solicitor. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor is legally required to check with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
My grandmother passed away six months ago and as sole heir and executor I was left the property in Tolworth. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
Given you plan to refinance then Skipton will insist on your using a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
I have been told that property searches are the number one reason for obstruction in Tolworth conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Tolworth.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Tolworth. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Tolworth
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
My husband and I have AIP from Halifax who have advised that they will lend up to £117k. When do we need to appoint a solicitor for conveyancing? Tolworth is where we are purchasing.
You can instruct a property lawyer now and ask them to generate a file on your behalf. This will enable: 1) the selling agent to issue a Sales Memo to all parties 2) the seller’s conveyancer to submit the draft contract. That being said, do not instruct your lawyer to order searches until you have your valuation report from Halifax and you are happy to proceed.