Me and my fiancee are acquiring our first property. The lawyer has contact usto enquire if we would like to purchase supplemental conveyancing searches. Frankly we have no idea as to what's needed for conveyancing in Wimbledon
The extent of Wimbledon conveyancing searches depends primarily on the property, the location, the probability of any of these risks, your knowledge of the region and risks, your overall attitude to risk. What is important is that you adequately understand what information each search could provide. You may then decide if you consider that you need that information. If unsure, ask your lawyer to explain.
As someone unfamiliar with conveyancing in Wimbledon what is the number one 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 South West London is often a confrontational process. In other words, when it comes to conveyancing there exists lots of room for friction between you and other parties involved in the transaction. E.g., the seller, selling agent and on occasion the lender. Appointing a lawyer for your conveyancing in Wimbledon is a critical decision as your conveyancer is your adviser, and is the ONE person in the transaction whose responsibility is to act in your best interests and to keep you safe.
On occasion a third party with a vested interest may try and convince you that you should follow their advice. As an example, the estate agent may claim to be assisting by claiming that your conveyancer is wrong. Or your mortgage broker may tell you to do something that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
My wife and I have recently appointed a conveyancing solicitor in Wimbledon. I I am struggling to find out whether they are on the Accord Mortgages Ltd approved list of lawyers. Could you help?
The first thing to do is phone the solicitor and ask them if they can act for the bank. Alternatively you should call Accord Mortgages Ltd who may be able to help.
How does conveyancing in Wimbledon differ for new build properties?
Most buyers of new build residence in Wimbledon contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Wimbledon typically acquire the site, 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.
I decided to have a survey carried out on a property in Wimbledon prior to instructing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wimbledon. Conveyancing will be smoother if you use a solicitor in Wimbledon especially if they regularly deal with such properties in Wimbledon.
I have read on numerous online forums that before selecting a conveyancing lawyer they need approved by your mortgage company. I am new to the process but I have an AIP via Halifax and I already have a bricks and morter conveyancing lawyer in Wimbledon on standby. Does Birmingham Midhshires insist on an approved lawyer to be instructed? Does a directory of approved solicitors even exist for my conveyancing in Wimbledon?
You need to use a solicitor that is on the Birmingham Midhshires panel. The first thing to do is call your preferred Wimbledon conveyancing solicitor to check if they are on the Birmingham Midhshires panel. If they are not on the panel you have a number of options available to you here:
- Complete the deal with your preferred Wimbledon conveyancer but Birmingham Midhshires will no doubt instruct a solicitor from their approved list. The net result is additional fees together with probable delay.
- Choose a fresh conveyancer to conduct the conveyancing, ensuring that they are on the Birmingham Midhshires conveyancing panel.
- Convince your solicitor to attempt to join the mortgage company panel.