Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a residence in South Wimbledon?

Unless a previous acquisition of the house took place post 12 October 2013 you may assume that solicitors delivering conveyancing in South Wimbledon to continue to suggest a chancel search and or chancel repair liability insurance.

I'm purchasing a new build house in South Wimbledon with a mortgage from . The sellers would not reduce the amount so I negotiated 6k of additionals instead. The property agent suggested that I not reveal to my conveyancer about the extras as it would affect my loan with . Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.

In what way does the Landlord & Tenant Act 1954 affect my commercial premises in South Wimbledon and how can you help?

The 1954 Act provides security of tenure to commercial leaseholders, giving them the right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. South Wimbledon is one of our many areas of the UK in which our lawyers are based

I've found a house that seems to be perfect, at a reasonable figure which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in South Wimbledon. Conveyancing advisers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in South Wimbledon ?

Most houses in South Wimbledon are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in South Wimbledon so you should seriously consider looking for a South Wimbledon conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your solicitor should advise you fully on all the issues.

I am the registered owner of a split level flat in South Wimbledon, conveyancing was carried out 3 years ago. How much will my lease extension cost? Comparable flats in South Wimbledon with a long lease are worth £165,000. The ground rent is £45 levied per year. The lease runs out on 21st October 50

With just 50 years unexpired the likely cost is going to range between £36,100 and £41,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.

I'm selling a bungalow in South Wimbledon. I have found my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name as listed on the regulator's website. Is this a big problem?

Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unlicensed staff.