My previous lawyer has sent a quote for £1200 for leasehold conveyancing in Tooting. I’m hoping to downsize from a Victorian property for £125,000. Is this too much? Is it above what I should be paying for conveyancing in Tooting?
The costs illustration is fractionally on the expensive side. If you are content to spend time comparing quotes you could reduce the fees marginally by perhaps a hundred pounds. That being said, you maylive to regret choosing an an unknown conveyancer. If is important to check the conveyancer can also act for your mortgage company. You can employ our comparison tool to choose a Tooting conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Tooting.
We previously appointed solicitors based in Tooting on the Yorkshire BS solicitor panel. They are now charging me a further charge for the legal aspects of the Yorkshire BS mortgage. Is this a supplemental conveyancing fee set by Yorkshire BS?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your solicitor can charge a fee for this. This charge is not set by Yorkshire BS but by your Tooting conveyancing practitioner. Plenty of firms on the Yorkshire BS panel will charge an ‘acting for lender’ fee and others do not.
I have decided to exercise my right to buy my property in Tooting off the council. I have a mortgage agreed with Virgin Money. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Tooting is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
The deeds to our home can not be found. The solicitors who did the conveyancing in Tooting 4 years ago are no longer around. Will I be able to sell the house?
You no longer need to have the physical official documentation to establish that you own the land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in Tooting differ for newly converted properties?
Most buyers of new build residence in Tooting approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Tooting usually 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 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 accustomed to new build conveyancing in Tooting or who has acted in the same development.
I am looking into buying my first house which is in Tooting and I am already nervous. I couldn't find anything specific about Tooting. Conveyancing will be needed in due course but do you know about the Tooting area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Tooting. In the meantime here are some basic statistics that we found