We are planning to acquire a property and require a conveyancing solicitor in Mitcham Junction who is on the HSBC solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Mitcham Junction.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel lawyer as I would much rather instruct a local conveyancing solicitor in Mitcham Junction?
Do check but the the probability is that allocate you one of their panel conveyancers should you want the "fee-free" offer. Speak to the mortgage company to see if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Mitcham Junction.
How does conveyancing in Mitcham Junction differ for new build properties?
Most buyers of new build property in Mitcham Junction contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because builders in Mitcham Junction typically buy the real estate, 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 used to new build conveyancing in Mitcham Junction or who has acted in the same development.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Mitcham Junction I like with open areas and railway links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Mitcham Junction for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I have just appointed agents to market my 2 bed flat in Mitcham Junction.Conveyancing lawyers have not yet been instructed however I have recently had a quarterly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is clear the invoice as you normally would as all ground rent and maintenance charges should be apportionedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process