Have just purchased a repossessed house at auction in South Wimbledon. Conveyancing is required. What are my next steps?

Given that you have now to all intents and purposes signed on the dotted line you will need to hire the services of a conveyancing solicitor as a matter of priority as you will have a fast approaching a drop dead date to complete the purchase. All auction property should have an associated legal set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You need to give this to the conveyancer instructed by you as soon as possible. You also need to ensure that your finances are organised to complete the transaction on the set completion date.

A relative informed me that in buying a property in South Wimbledon there may be a number of restrictions limiting what one can do in terms of external changes to a property. Is this right?

We are aware of anumerous of properties in South Wimbledon which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in South Wimbledon should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

When it comes to mortgage companies such as RBS, do South Wimbledon conveyancing practitioners incur an annual charge to be on the list of approved solicitors?

We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.

3 months have gone by following my purchase conveyancing in South Wimbledon completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

About to purchase a new build apartment in South Wimbledon. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in South Wimbledon

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I have been on the look out for a leasehold apartment up to £235,500 and found one close by in South Wimbledon I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in South Wimbledon in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you need a home loan that many years may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.

I need to instruct a conveyancing solicitor for leasehold conveyancing in South Wimbledon. I've chance upon a site which appears to be the perfect offering If it is possible to get all formalities done via web that would be ideal. Should I be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?