I am obtaining a mortgage with Santander. I would like to employ the services of a Licensed Conveyancer in Wimbledon. Does the Santander Conveyancing panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
My uncle pointed out to me me that in purchasing a property in Wimbledon there could be various restrictions affecting the ability to carry out external alterations to the property. Is this right?
We are aware of a number of properties in Wimbledon which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Wimbledon should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with Clydesdale. I assume I don't need a Wimbledon property lawyer on the Clydesdale panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Clydesdale mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale mortgage from the register. Clydesdale, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Wimbledon off the council. I have a mortgage offer with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
I need some quick conveyancing in Wimbledon as I am under pressure to sign on the dotted line in less than one month. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at free not to do searches although no conveyancer would suggest that you don't. With plenty of history conveyancing in Wimbledon the following are instances of what can be revealed and adversely affect the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
How does conveyancing in Wimbledon differ for new build properties?
Most buyers of new build residence in Wimbledon come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Wimbledon usually acquire the land, 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 property lawyers 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.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Wimbledon I like with open areas and railway links nearby, the downside is that it's only got 52 years on the lease. There is not much else in Wimbledon for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Why do Wimbledon conveyancing fees are more expensive for leasehold and freehold properties?
If purchasing a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control