At what point can the exchange of contracts take place for purchase conveyancing in Mitcham and do I need to attend the solicitors branch?

If you are round the corner to one of the conveyancing solicitors in Mitcham you are welcome to come in to sign documents. That being said, the lender approved solicitors we work with supply a nationwide conveyancing service and provide as equally diligent and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the firm to officially exchange at the appropriate time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Mitcham)to be in the office available at the end of the phone to exchange contracts.

What does a local search reveal concerning the property I am buying in Mitcham?

Mitcham conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for example Xpress Legal The local search is essential in every Mitcham conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search should provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.

Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Mitcham I like with a park and transport links nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Mitcham suitable, so just wondered if I would be making a grave error buying a short lease?

Should you require a mortgage that many years will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.

We are four weeks into a leasehold purchase having been referred to a firm by the local agent to handle our conveyancing in Mitcham. I am am extremely dissatisfied with the quality of service. Could you you assist me in finding new solicitors?

A conveyancer would have to be very poor to suggest diss instructing them. Has your loan offer been generated? If so you must make them aware of the new contact details and ensure the offer are issued to the new lawyers. The solicitor ideally should be on the banks approved list to avoid escalating expenses and delays. So that should be your starting point. Our search tool should assist you in finding a lender approved conveyancer for your conveyancing in Mitcham

What are your top tips when it comes to finding a Mitcham conveyancing firm to deal with our lease extension?

If you are instructing a solicitor for your lease extension (regardless if they are a Mitcham conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Mitcham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:

Can they put you in touch with clients in Mitcham who can give a testimonial?

Despite our best endeavours, we have been unsuccessful in trying to purchase the freehold in Mitcham. Can this matter be resolved via the Leasehold Valuation Tribunal?

Absolutely. We are happy to put you in touch with a Mitcham conveyancing firm who can help.

An example of a Freehold Enfranchisement matter before the tribunal for a Mitcham flat is 50 & 52 Southcroft Road in September 2013. The tribunals own valuation determined that the premium payable should be £29,000 This case was in relation to 2 flats. The unexpired term was 86.11 and 60.64.