What is the difference between a licensed conveyancer and conveyancing solicitor in Cheam

Two types of professional can carry out conveyancing in Cheam namely CLC regulated conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the sale or acquisition of property. Both are required to handle Cheam conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be properly carried out and that all necessary steps will be appropriately adhered to.

I am assisting my aunt sell her flat in Cheam. Does the conveyancing solicitor commission an energy assessment or it is for the seller to see to?

Following the abolition of Home Information Packs, EPC’s was maintained a required component of moving house. An energy assessment needs to be commissioned before the property is marketed. It is not a task that conveyancers ordinarily organise. Where you are using a Cheam conveyancing solicitor they might be willing to arrange energy performance certificates given their contacts with long established Cheam assessors

I am buying a property in Cheam. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Co-operative be concerned?

Given that your lender is Co-operative your lawyer must follow the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook sets out minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Co-operative where a lease does not meet these conditions. The conditions relate to the installation of panels on properties nationwide and is not limited to Cheam.

How does conveyancing in Cheam differ for newly converted properties?

Most buyers of new build residence in Cheam contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Cheam usually purchase 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 conveyancing solicitors 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 Cheam or who has acted in the same development.

I have been on the look out for a ground for flat up to £195,000 and identified one near me in Cheam I like with open areas and transport links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Cheam in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you require a mortgage the shortness of the lease will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.

I am looking at a two flats in Cheam both have about 50 years unexpired on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Cheam. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the marketability of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this field.

I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Cheam conveyancing firm to act on my behalf?

Most certainly. We can put you in touch with a Cheam conveyancing firm who can help.

An example of a Lease Extension decision for a Cheam property is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The unexpired residue of the current lease was 60.43 years.

Online research suggests that Cheam solicitors are more costly than licensed conveyancers in Cheam to use when buying a house. Am I better off using a conveyancer or a solicitor where I am buying for my home move in Cheam.

When it comes to conveyancing in Cheam the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.