It has come to my attention via my IFA that my Wimbledon solicitor is not on the bank Solicitor panel. How can I be certain that this is indeed the case?
You need to contact your Wimbledon lawyer directly. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
As someone not used to conveyancing in Wimbledon what’s your top tip you can give me for the legal transfer of property in Wimbledon
You may not hear this from too many lawyers but conveyancing in Wimbledon and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of room for conflict between you and others involved in the legal transfer of property. For example, the seller, estate agent and on occasion the mortgage company. Choosing a solicitor for your conveyancing in Wimbledon is a critical decision as your conveyancer is your adviser, and is the ONE person in the transaction whose interest is to act in your legal interests and to keep you safe.
Every so often a third party with a vested interest may try and sway you that it is in your interests to do things their way. For instance, the selling agent may claim to be assisting by claiming that your solicitor is wrong. Or your financial adviser may try to convince you to do take action that is contrary to your lawyers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I acquired my flat on 13 February and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Wimbledon said it should be dealt with inside ten days. Are transfers in Wimbledon uniquely lengthy to register?
There is nothing unique about conveyancing in Wimbledon registration formalities. As opposed to being determined by geographic area, timescales can adjust according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any third parties. Currently in the region of 80% of such applications are completed within two weeks but some can be subject to longer hold-ups. Registration occurs once the new owner has moved in to the premises thus 'speed' is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
How does conveyancing in Wimbledon differ for new build properties?
Most buyers of new build or newly converted property in Wimbledon approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Wimbledon usually 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 conveyancers 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.
Due to the guidance of my in-laws I had a survey completed on a property in Wimbledon before instructing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders will not give a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wimbledon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wimbledon to see if the conveyancing costs will increase in light of this.
When it comes to my conveyancing in Wimbledon should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Wimbledon conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.