Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Sutton so that I can attend their offices when needed.
As opposed to ten years ago, the vast majority mortgage companies no longer oblige their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to provide identification documents and there are still manifest benefits to choosing a local solicitor, in your case a conveyancing solicitor in Sutton.
How does conveyancing in Sutton differ for newly converted properties?
Most buyers of new build or newly converted property in Sutton come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Sutton usually purchase the land, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Sutton or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £305k and found one near me in Sutton I like with a park and railway links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Sutton suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they start the process of the extension and pass 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 consult your conveyancing lawyer regarding this.
I have been advised by a number of property agents in Sutton to choose a solicitor using your seach tool. What’s the financial incentive for Estate Agents to recommend your site rather than alternative conveyancing organisations?
We refuse to make any financial incentive for sending work our way. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
We are 14 days into a residential purchase having been directed to solicitors by the local agent to carry out the conveyancing in Sutton. I am not happy. Can you you assist me in finding new solicitors?
A solicitor would have to be very poor in order to consider changing them. Has your mortgage offer been sent? If so you need to inform them of the new lawyer and have the mortgage documents are re-sent. Your new solicitor ideally should be on the mortgage company approved list to avoid added expenses and complications. That should be your starting point. Our search tool will help you find a bank approved conveyancer for your conveyancing in Sutton