I am buying a semi-detached house in South Wimbledon. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in South Wimbledon you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in South Wimbledon.

Me and my brother own a renovated Edwardian house in South Wimbledon. Conveyancing practitioner acted for me and . I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?

You should read the Freehold register you have again and check the Charges Register as there may be 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 South Wimbledon and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing practitioner who carried out the work.

How does conveyancing in South Wimbledon differ for newly converted properties?

Most buyers of new build residence in South Wimbledon contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because house builders in South Wimbledon tend to acquire the site, 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 property lawyers 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 South Wimbledon or who has acted in the same development.

Over the last few months I have been searching for a flat up to £305k and found one near me in South Wimbledon I like with open areas and station nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in South Wimbledon suitable, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.

South Wimbledon Conveyancing for Leasehold Flats - Sample of Queries before buying

What is the length of the lease? Are any of leasehold owners in dispute over their service charge payments? Be sure to discover if the the lease includes any unreasonable restrictions in the lease. For instance it is reasonably common in South Wimbledon leases that pets are not permitted in in a block in South Wimbledon. If you love the flatin South Wimbledon however your dog is not allowed to make the move with you then you will be presented with a difficult choice.