lenderpanel

Find a Wimbledon Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Wimbledon? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Wimbledon transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Wimbledon conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Wimbledon

What will a local search tell me regarding the house my wife and I buying in Wimbledon?

Wimbledon conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search is essential in every Wimbledon conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your new home. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.

I moved into my apartment on 1 January and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Wimbledon said it will be concluded in a couple of weeks. Are transfers in Wimbledon uniquely lengthy to register?

As far as conveyancing in Wimbledon is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can adjust subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. As of today approximately three quarters of submission are completed within 12 days but some can be subject to extensive delays. Historically registration occurs once the buyer is living at the property so 'speed' is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor must speak with the land registry and explain the circumstances.

What does commercial conveyancing in Wimbledon cover?

Commercial conveyancing in Wimbledon incorporates a broad array of advice, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

In my capacity as executor for the estate of my grandfather I am disposing of a house in Monmouth but I am based in Wimbledon. My solicitor (based 250 kilometers from merequires that I execute a statutory declaration before completion. Could you suggest a conveyancing lawyer in Wimbledon who can witness this legal document for me?

strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are located in Wimbledon

I am tempted by the attractive purchase price for a two apartments in Wimbledon which have approximately 50 years remaining on the leases. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Wimbledon is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it adversely affects the value of the premises. For most purchasers and banks, leases with less than 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Wimbledon conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I am the registered owner of a a ground floor purpose built flat in Wimbledon. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?

in cases where there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the premium.

An example of a Freehold Enfranchisement matter before the tribunal for a Wimbledon property is 629 Garratt Lane in September 2014. The consideration payable for the acquisition of the freehold of the subject property was the sum £21,302.74. This represented a valuation of the freehold in the sum of £23,864 from which the sum of £2561.27 has been deducted in respect of certain costs in repairing and insuring the premises This case affected 3 flats. The unexpired residue of the current lease was 72.94 years.

Last updated

Find out more about how flying freehold can affect your the value of a property.