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Find a South West London Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in South West London? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your South West London transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised South West London conveyancers for over 130 lenders.


Recently asked questions about conveyancing in South West London

Is it possible for conveyancing in South West London to be done in 3 weeks?

Where you are under a tight deadline for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will benefit local relationships and insight. It is possible that they may have handled previousproperties in the same neighbourhood. You would be best advised to use a South West London conveyancing solicitor. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of South West London conveyancing transactions are delayed or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s panel. This can often result in the conveyancing being delayed by almost 21 days. It is said that this issue affects approximately 100,000 home sales every year. Many South West London conveyancing firms can not act for certain mortgage companies so do check as early as possible.

Do I have to pop into the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in South West London so that I can pop in to their offices when needed.

As opposed to 12 years ago, almost all lenders no longer require their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still distinct benefits to using a locally based ayer, in your situation a conveyancing solicitor in South West London.

I'm buying my first flat in South West London benefiting from help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not inform my lawyer about this extras as it would put at risk my loan with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am tempted by the attractive purchase price for a couple of flats in South West London which have approximately 50 years left on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold apartment in South West London is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most purchasers and mortgage companies, leases with under 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with South West London conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

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

You certainly can. We are happy to put you in touch with a South West London conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a South West London premises is 78 & 80 Newport Road in January 2013. the Tribunal concluded that the premium to be paid by the leaseholder in respect of the freehold reversion is £23,105 This case was in relation to 2 flats. The unexpired lease term was 71.63 years.

We had our mortgage agreed in principle on Monday with our bank. We are using a long established conveyancer in South West London two days ago. This morning, our broker contacted us saying that the bank said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the bank had a say Is this allowed?

You are permitted to choose any property lawyer you want to choose for your conveyancing in South West London but if they are not on the your bank's approved list you would have to pay additional cost so the mortgage company can instruct their own lawyers. On occasion it is conceivable that your preferred conveyancing firm to get included on to the lender list of approved firms. You can use web-based tools such as lenderpanel.com to find a conveyancing solcitor in South West London on the bank panel. You can go into your local lender branch in South West London. They can recommend conveyancing solicitors in South West London on the mortgage company panel.

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