I am buying a garden flat in Waterloo. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Waterloo you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Waterloo.

Will our lawyer be making enquiries concerning flooding during the conveyancing in Waterloo.

The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Waterloo. There are those who purchase a house in Waterloo, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.

Solicitors are not qualified to offer advice on flood risk, but there are a various searches that can be undertaken by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Waterloo. The standard information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to determine if the property has suffered from flooding. In the event that flooding has previously occurred which is not revealed by the owner, then a buyer could issue a legal claim for losses as a result of such an inaccurate response. The buyer’s lawyers will also commission an environmental search. This will higlight if there is any known flood risk. If so, further inquiries should be carried out.

I'm converting the mortgage on my current house to a BTL loan with Bank of Scotland and intend to use the remaining equity as a down payment on further house. The location we are interested in is Waterloo. Will your conveyancers be able to act for the two banks and link together the transactions?

Do use our comparison tool on this page to check that the conveyancers are approved by both banks. Having checked that they are your lawyer should be able to simultaneously deal with the two deals but you should talk with you lawyer and communicate your desired outcome and requirements.

I am in need of some leasehold conveyancing in Waterloo. Before I get started I would like to find out the number of years remaining on the lease.

If the lease is registered - and almost all are in Waterloo - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I purchased a leasehold flat in Waterloo, conveyancing formalities finalised 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Waterloo with an extended lease are worth £170,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2103

You have 79 years remaining on your lease we estimate the premium for your lease extension to span between £7,600 and £8,800 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.

Can you set out the aspects of conveyancing provided by Waterloo conveyancing practices?

Almost all Waterloo conveyancing firms will conduct a number of legal advice to home and land proprietors, sellers, buyers, landlords and tenants such as:

Home sale conveyancing in Waterloo and wider afield Property purchase conveyancing in Waterloo and further afield lifetime mortgages and equity release conveyancing Council Home Right-to-Buy Scheme Letting Agreements in Waterloo or further afield Planning permissions and restrictions