When can the exchange of contracts happen for residential conveyancing in West Wickham and am I required to attend the conveyancers office?
If you are local to one of the conveyancing solicitors in West Wickham you are welcome to come in to sign contracts. That being said, the lender approved solicitors we recommend provide a nationwide conveyancing service and provide just as detailed and professional a job for you when dealing with you digitally. The executing of the contract is not the point of no return. A signed contract simply enables the solicitor to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in West Wickham)to be in the office at the appropriate time.
Me and my brother have a renovated Georgian property in West Wickham. Conveyancing solicitor represented me and TSB. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in West Wickham and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in West Wickham differ for new build properties?
Most buyers of new build premises in West Wickham come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in West Wickham tend to acquire 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 West Wickham 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 close by in West Wickham I like with a park and railway links nearby, however it's only got 61 remaining years left on the lease. There is not much else in West Wickham in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My mother and father are unable to locate their West Wickham land registry title on the online search facility. They have a vague recollection sixty years ago when they bought the bungalow there were complications with the address not being recognised in some systems.
The vast majority of premises in West Wickham should appear. Have you limited your search to just the postcode. Normally it will identify all the houses and flats within the postcode. Assuming the property is registered it will show up with a title number. Where they bought back in the 70’s it's conceivable it may be not yet registered. The address might still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title papers which might be with your parent’s lender.