Is there a reason to instruct a Mitcham conveyancing firm when web based conveyancers are so much cheaper?

Its a good idea to get 2 or 3 like-for-like quotes for conveyancing costs in Mitcham and you should seek a reasonable fee calculation but don’t become consumed with scouring the internet for the cheapest Mitcham conveyancer. Identifying the right conveyancer can mark the distinction between a smooth and a frustrating house move. You need to ensure that you have expert advice from a trusted conveyancer. Emails can't replace a phone call and can never replicate a face to face meeting. Our partner firms will allocate you a qualified and trusted conveyancing solicitor that will handle your conveyancing from from the outset to completion, giving the sort of continuity that you will never get with an web based conveyancer. Our lawyers will update you as to headway making sure that you are regularly updated. If you ever need to contact the firm you will be sure who you need to speak to and we'll be sure you're not left wondering what's going on.

I own a freehold residence in Mitcham yet charged rent, why is this and what is this?

It is rare for properties in Mitcham and has limited impact for conveyancing in Mitcham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.

Our lender has recommended a law firm on their panel based in Mitcham but I would rather instruct a conveyancing lawyer in Mitcham or nearer to where I live. Are you able to assist?

The minority of Mitcham conveyancing firms are on all banks conveyancing panel. Do make the most of the above find an approved solicitor tool to locate a Mitcham conveyancing conveyancer on the on the mortgage company panel.

I am buying my first flat in Mitcham with a mortgage from Bank of Ireland. The builders would not budge the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not reveal to my solicitor about the deal as it may adversely affect my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am a negotiator for a busy estate agency in Mitcham where we have experienced a few leasehold sales put at risk due to short leases. I have received inconsistent advice from local Mitcham conveyancing solicitors. Could you confirm whether the seller of a flat can instigate the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I am the proprietor of a ground flat in Mitcham. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for a lease extension?

You certainly can. We can put you in touch with a Mitcham conveyancing firm who can help.

An example of a Freehold Enfranchisement decision for a Mitcham premises is 50 & 52 Southcroft Road in September 2013. The tribunals own valuation determined that the premium payable should be £29,000 This case related to 2 flats. The unexpired term as at the valuation date was 86.11 and 60.64.