I'm in the process of changing my current residential loan to a Buy to Let mortgage. I have been informed by my broker that I must appoint a conveyancer as part of the process. I had a chat my past Nunhead conveyancing solicitor who who conducted the conveyancing when I first bought the house. The fee calculation sent of £575 plus disbursements has taken me by surprise as its a refinance than a sale or purchase.

The costs illustration is fractionally on the expensive side. Where you are happy to spend time scrutinising quotes you may be able to get the conveyancing a bit cheaper by say £125. On the other hand, assuming were content with the service the firm provided you maycome to regret choosing an an untested lawyer. Don't forget to ensure that the conveyancer can act for . You can employ our search tool to find a Nunhead conveyancing firm on the member panel, which can often include conveyancing solicitors in Nunhead.

We're in Nunhead, First time buyers buying with a mortgage (lender is , and our solicitor is on the conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

Do I need to take out insurance to address the risk of chancel repairs when purchasing a property in Nunhead?

Unless a prior acquisition of the premises completed after 12 October 2013 you may expect solicitors conducting conveyancing in Nunhead to remain encouraging a chancel search and or chancel repair liability policy.

I am purchasing my first flat in Nunhead with the aid of help to buy. The developers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not reveal to my lawyer about the side-deal as it may affect my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Nunhead I like with a park and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Nunhead suitable, so just wondered if I would be making a mistake purchasing a short lease?

If you require a home loan that many years may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.