Please explain the implications if my lawyer’s firm is removed from the Coventry BS Solicitor panel ahead of completing my conveyancing in Wimbledon?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I purchased my flat on 2 July and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Wimbledon advises it would be dealt with in a couple of weeks. Are titles in Wimbledon particularly slow to register?
As far as conveyancing in Wimbledon is concerned, registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ depending on who lodges the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. At present approximately three quarters of such applications are fully addressed within two weeks but some can be subject to longer delays. Registration is effected once the purchaser has moved in to the property so 'speed' is not usually top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Wimbledon differ for newly converted properties?
Most buyers of new build or newly converted property in Wimbledon approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Wimbledon tend to purchase 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 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 used 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 flat up to £305k and identified one near me in Wimbledon I like with a park and station nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Wimbledon for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
How do I identify a Wimbledon solicitor on the Aldermore conveyancing panel? I drive a motor bike and am willing to travel upto 25miles to meet the lawyer.
Feel free to make use of the search on this page. Please select a mortgage company and your location and you will see a number of Wimbledon conveyancing lawyers located nearest you. We have detailed some Wimbledon conveyancing firms towards the end of this page and you can call them to verify whether they are on the Aldermore approved list
What are the distinct advantages to choosing a high street solicitor in Wimbledon
Lots of house movers in Wimbledon choose a local solicitor so that they can attend the lawyer’s offices if they have questions, and to deliver paperwork rather than run the risk of depending on the Royal Mail.
Some would suggest that there is a slight benefit when opting for a conveyancer nearby to a property you are purchasing, due to the knowledge of the locality and potential local issues - yet this is debatable. Most conveyancers are now via the web and may be almost anywhere.