Is it realistic for conveyancing in Morden Park to be finalised inside 28 days?
First, If the seller is applying a tight deadline to complete it is highly recommended that your lawyer is familiar with the location as they will benefit local relationships and knowledge. It is possible that they may have conducted otherhouses in the same neighbourhood. You would be best advised to use a Morden Park conveyancing lawyer. Second, be sure that the conveyancing firm is on the member panel. It is understood that nearly one in five of Morden Park conveyancing deals are frustrated or derailed after finding out that a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the transaction being frustrated by as much as 21 days. It is believed that this issue affects in the region of 100,000 home sales annually. Most Morden Park conveyancing practices can not represent certain lenders so do check at the outset.
I am thinking of refinancing my house in Morden Park, does my lawyer have to be on the UBS Conveyancing panel?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one round the corner in Morden Park I like with open areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Morden Park for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months 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 with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
As co-executor for the estate of my uncle I am disposing of a house in Cardiff but live in Morden Park. My lawyer (who is 300 kilometers awayhas requested that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Morden Park who can witness this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Morden Park
We have an offer in principle from Nottingham Building Society who indicated we could borrow up to £218k. When do we need to appoint a practitioner for conveyancing? Morden Park is where we plan to move to.
You can instruct a conveyancing practitioner now so that the lawyer can open the ledger so they can conduct their AML checks etc. Once you wish them to start work they will seek a payment on account normally about £225. That should generally be after you have the loan offer from the lender and valuation results, however should you wish to speed the process you can start the ball rolling quicker even though you may be risking some expense.