My mortgage broker requires my Upper Tooting lawyer’ panel reference for the Santander conveyancing panel. Can you suggest how I obtain this. I have tried my local Upper Tooting office but they have not responded to me.
You are best placed to get this information from your Upper Tooting lawyer . They maintain a central record lender panel numbers.
It is a dozen years since I bought my property in Upper Tooting. Conveyancing solicitors have recently been instructed on the sale but I am unable to track down my title documents. Is this a problem?
Don’t worry too much. Firstly the deeds may be kept by your lender or they could be in the possession of the solicitor who acted in the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Almost all conveyancing in Upper Tooting relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
How does conveyancing in Upper Tooting differ for newly converted properties?
Most buyers of new build property in Upper Tooting contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because builders in Upper Tooting typically 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 conveyancers 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 used to new build conveyancing in Upper Tooting or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Upper Tooting I like with open areas and station in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Upper Tooting for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will likely be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
What should I expect to pay for conveyancing in Upper Tooting?
Almost all Upper Tooting conveyancing solicitors will charge a set fee. If further work become due during the transaction your lawyer is duty bound to disclose to you in writing of such further costs for any work immediately it becomes foreseeable. Some work on a no completion no fee offering, others will charge a percentage of the set fee, depending on the stage at which the matter fails.
It is advisable to obtain two or three firms to provide you a quotation.