The Merton conveyancing firm handling our Merton conveyancing has identified an inconsistency when comparing the information in the home valuation report and what is in the conveyancing documents. My solicitor says that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s approach right?

Your must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

Why is leasehold purchase conveyancing in Merton costs more?

Merton leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

Are there restrictive covenants that are commonly identified during conveyancing in Merton?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Merton. 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…’

My partner has recommend that I instruct his lawyers for conveyancing in Merton. Do I take his advice?

No doubt the ideal way to find a conveyancing solicitor is to get recommendations from friends or relatives who have actually previously instructed the firm you're are thinking of instructing.

I am on look out for some leasehold conveyancing in Merton. Before diving in I require certainty as to the number of years remaining on the lease.

Assuming the lease is registered - and most are in Merton - then the leasehold title will always include the basic details 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 own a 1 bedroom flat in Merton, conveyancing having been completed 1995. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Merton with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 per annum. The lease ceases on 21st October 50

With only 50 years unexpired we estimate the price of your lease extension to range between £36,100 and £41,800 as well as legals.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.