Find a Clapham and Salph End Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Clapham and Salph End? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Clapham and Salph End home move at risk of delay or failure.

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Recently asked questions about conveyancing in Clapham and Salph End

Should conveyancers request an advanced payment for my conveyancing in Clapham and Salph End?

If you are buying a property in Clapham and Salph End your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the Local Authority Search. When the down payment is as part of the purchase price then this will be needed immediately in advance of contracts are exchanged. The final balance that is due will be payable shortly before completion.

Have just purchased a repossessed house at auction in Clapham and Salph End. Conveyancing is required. What happens now?

Given that you are now to in every practical sense signed on the dotted line you must find a conveyancing lawyer soon as you are facing a fast approaching a drop dead date to complete the property. All auction property should have an associated legal pack. This should include evidence of title and search results. Where you are dealing with leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are organised to complete the transaction on the set completion date.

We previously instructed solicitors located in Clapham and Salph End on the Principality solicitor approved list. They have just invoiced me an additional sum for the legal aspects of the Principality mortgage. Is this a supplemental conveyancing fee specified by Principality?

Provided it is contained in their Terms and Conditions or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. The charge is not set by Principality but by your Clapham and Salph End solicitor. Numerous firms on the Principality panel will quote ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.

I am buying a property in Clapham and Salph End. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?

As you are obtaining a mortgage with Virgin Money your lawyer must comply with the formal instructions contained in Section two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease does not comply with these conditions. The provisions relate to the installation of panels on properties nationwide and is not restricted to Clapham and Salph End.

Are there restrictive covenants that are commonly picked up during conveyancing in Clapham and Salph End?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Clapham and Salph End. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

How does conveyancing in Clapham and Salph End differ for new build properties?

Most buyers of new build premises in Clapham and Salph End contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Clapham and Salph End usually purchase 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 conveyancers 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 Clapham and Salph End or who has acted in the same development.

I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Clapham and Salph End is the location of the property. Is there any advice you can impart?

Flying freeholds in Clapham and Salph End are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Clapham and Salph End you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Clapham and Salph End may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

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Find out more about how flying freehold can affect your the value of a property.