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Find a Abbey Wood Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Abbey Wood? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Abbey Wood conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Abbey Wood

I am in the market for a low cost conveyancer. Do I opt for a nationwide conveyancer as opposed to a family Abbey Wood conveyancing lawyer?

On the whole conveyancing solicitors in your area will benefit from strong alliances with your local authority, which can assist with the Abbey Wood conveyancing searches that your solicitor will require on your transaction. It can only help if they enjoy good connections with the Land Registry in your area Abbey Wood, other property lawyers in the neighbourhood and Abbey Wood Estate Agents.

I require fast conveyancing in Abbey Wood as I am under pressure to exchange contracts within one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?

As you are are a cash purchaser you have the choice not to do searches although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Abbey Wood the following are instances of what can show up and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...

How does conveyancing in Abbey Wood differ for new build properties?

Most buyers of new build or newly converted property in Abbey Wood contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Abbey Wood tend to buy 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 accustomed to new build conveyancing in Abbey Wood or who has acted in the same development.

My husband and I are novice buyers - had an offer accepted, yet the agent has warned us that the vendor will only proceed if we instruct their recommended solicitors as they need a ‘quick sale’. We would rather use a family solicitor used to conveyancing in Abbey Wood

It is unlikely the owners are driving this. Should the vendor desire ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Speak to the owners direct and explain that (a)you are genuine buyers (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you are going to instruct your own,trusted Abbey Wood conveyancing solicitors - not the ones that will earn their negotiator at the agency a commission or meet his conveyancing targets set by corporate headquarters.

Can you provide any advice for leasehold conveyancing in Abbey Wood with the aim of saving time on the sale process?

  • A significant proportion of the delay in leasehold conveyancing in Abbey Wood can be reduced where you get in touch lawyers the minute your agents start marketing the property and ask them to put together the leasehold information which will be required by the buyers’ solicitors.
  • If you have the benefit of shareholding in the Management Company, you should make sure that you are holding the original share certificate. Arranging a duplicate share certificate is often a lengthy formality and frustrates many a Abbey Wood conveyancing deal. If a reissued share is needed, do contact the company officers or managing agents (if applicable) for this sooner rather than later. Some Abbey Wood leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. If you have carried out any alterations to the property would they have required Landlord’s permission? In particular have you installed wooden flooring? Abbey Wood leases often stipulate that internal structural alterations or laying down wooden flooring require a licence from the Landlord consenting to such changes. Where you fail to have the paperwork in place do not contact the landlord without contacting your lawyer before hand. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check by asking your conveyancers. A buyer’s lawyer will be unlikely to recommend their client to where the lease term is below 75 years. It is therefore important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale.

Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Abbey Wood. Can we issue an application to the Residential Property Tribunal Service?

Most definitely. We are happy to put you in touch with a Abbey Wood conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Abbey Wood property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case was in relation to 1 flat.

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