In the event thatI were to acquire a straightforward homein Wimbledon for cash and dispense with a survey and no conveyancing searches how much should I expect to to save on my conveyancing in Wimbledon?
The sole saving you would make on is the Wimbledon conveyancing searches. A conveyancing practitioner is obliged to do the vast majority of work - money laundering, liaising with the sellers conveyancing practitioner, SDLT submission, register the ownership etc. A marginal saving might be made by not having to register a charge however it will not be significant.
How does conveyancing in Wimbledon differ for newly converted properties?
Most buyers of new build premises in Wimbledon come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Wimbledon 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 accustomed to new build conveyancing in Wimbledon or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Wimbledon I like with open areas and station in the vicinity, the downside is that it only has 49 years on the lease. There is not much else in Wimbledon suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years may be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Are there any apps to assist me to search for a Wimbledon law firm on the Virgin Money conveyancing panel? I drive a motor bike and am prepared to travel upto 25miles to meet the conveyancer.
You can use the tool on this website. Please pick a mortgage company and your location and you will see a number of Wimbledon conveyancing lawyers based on proximity. We have listed some Wimbledon conveyancing firms towards the end of this page and you can contact them to verify if they are on the Virgin Money panel
As co-executor for the will of my aunt I am disposing of a property in Newport but I am based in Wimbledon. My conveyancer (who is 300 miles awayrequires that I sign a stat dec before completion. Can you recommend a conveyancing practitioner in Wimbledon to witness this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Wimbledon based
Why can I not complete my conveyancing in Wimbledon on May bank holiday?
This is due to the fact that on completion the funds needs to be transferred electronically between the banks of the buyer and owner’s conveyancer and currently this can only occur on a business day. So you can't complete on a saturday or sunday either.