Why is leasehold purchase conveyancing in Wandsworth costs more?

Wandsworth leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather appoint a Wandsworth based conveyancing firm?

Do check but the chances are that appoint one of their panel lawyers if you accept the "fee-free" offer. Call the lender and explore if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Wandsworth.

How can the Landlord & Tenant Act 1954 impact my business offices in Wandsworth and how can you help?

The 1954 Act gives security of tenure to commercial tenants, giving them the right to apply to court for a renewal tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Wandsworth is one of the numerous areas of the UK in which our lawyers are located

Am I better off to use a Wandsworth conveyancing solicitor in close proximity to the house I am buying? An old friend can perform the conveyancing however they are based 400miles away.

The benefit of a high street Wandsworth conveyancing practice is that you can visit the firm to sign documents, present your ID and pester them where appropriate. They will also have local knowledge which is a plus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were happy that must trump using an unfamiliar Wandsworth conveyancing lawyer just because they are Wandsworth based.

Our lawyer in Wandsworth has discovered a defect with the lease for the apartment we are buying in Wandsworth. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the mortgage company conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?

Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Wandsworth conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. These conveyancing instructions must be adhered to by the bank conveyancing panel who has to balance acting for you and the mortgage company