Forgive me if this question is silly but I am new to the home moving as FTB of a ground floor flat in Wandsworth. Do I collect the keys to the house on completion from my lawyer? If this is the case, I will use a High Street conveyancing solicitor in Wandsworth?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you should be invited to receive the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
We have agreed to purchase a house in Wandsworth. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
Given that you are obtaining a mortgage with Principality your lawyer must follow the conveyancing requirements outlined in Part two of UK Finance Lenders’ Handbook for Principality. The Council of Mortgage Lenders’ Handbook sets out minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Principality where a lease does not comply with these provisions. The requirements relate to the installation of panels on properties nationwide and is not limited to Wandsworth.
I am currently in the process of buying my council flat in Wandsworth. I have a mortgage agreed with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
I require expedited conveyancing in Wandsworth as I am faced with an ultimatum to exchange contracts within one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you are at free not to do searches although no solicitor would advise that you don't. With plenty of history conveyancing in Wandsworth the following are examples of what can appear and adversely affect the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I am looking for a flat up to £195,000 and found one near me in Wandsworth I like with a park and railway links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Wandsworth in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm remortgaging my primary home to a BTL loan with Barclays Direct and intend to use the remaining equity as a deposit on a second house. The neighborhood we are looking at is Wandsworth. Will your conveyancers be able to act for both sets of lenders and link together the conveyances?
Do use our search tool on this site to check that the lawyers are approved by both mortgage companies. Assuming that they are your solicitor will be able to connect the two transactions but you should talk with you lawyer and specify your expectations and requirements.
I am using a search engine for the words conveyancing in Wandsworth it brings up many solicitorsin the vicinity. How do I determine which is the right conveyancer for purchase transaction?
The best way of choosing a suitable conveyancer is through a personal recommendation, so ask friends and relatives who have bought a property in Wandsworth or the local estate agent or mortgage broker. Charges for conveyancing in Wandsworth vary, so it's sensible to request a minimum of four estimates from different conveyancers. Make sure that you know what costs in the quote includes.