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Conveyancing in The Borough Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/10/17

The Borough attractions

George Inn National Trust , Brixton London Windmill, Tate Modern Art Gallery and Imperial War Museum Aviation Museum are in The Borough.

The Borough's nearest train station is London Bridge. The nearest airport to The Borough is London City Airport (6 miles). Heathrow Terminals 1 2 3 Airport is 16 miles, London Heliport Airport is 5 miles, Heathrow Terminal 5 Airport is 18 miles, Gatwick South Terminal Airport is 24 miles, Gatwick North Terminal Airport is 24 miles, Heathrow Terminal 4 Airport is 16 miles, Northolt Jet Centre Airport is 15 miles, Elstree Airport is 15 miles and London Biggin Hill Airport is 13 miles away.

The nearest hospital is Guys Southwark.

Q.

What are the best conveyancing rates for a £557,000 property?

A.

Many conveyancers promote theoretically cheap conveyancing quotes, but extra charges may be added into small print. Extra costs ought to be reasonable and clear. Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

What investigation concerning the risk of flooding in the Southwark area will my conveyancer in The Borough report back on?

A.

A key part of the conveyancing protocol of buying a property involves a conveyancing solicitor conducting property environmental searches that set out specific information with regard to risk of flooding in The Borough. As an additional measure means that the conveyancing solicitor in The Borough may advise a more specialist search.

Q.

Is a building survey advisable when we are purchasing property in The Borough?

A.

It is advised that you instruct a property surveyor to perform a survey if buying in The Borough. Buyers should be aware that there are a range of concerns that will impact a property, for example poor drainage and cracks in walls.

Q.

How long should we budget for conveyancing legal work need in The Borough?

A.

The number of weeks taken to buy or sell a house does vary, with reference to numerous issues affecting the property. Nationally, the average is up to twelve weeks, whereas our solicitors work for a deadline of six weeks.

Q.

We are expecting to be moving from our semi detached residence in The Borough to a bigger maisonette in Rotherhithe , at what stage to instruct a removals firm?

A.

It is prudent to is for home movers to hold off booking the removals company until the point where you and the other side has formalised an absolute completion date which commonly occurs once contracts have exchanged.

Try Man With Van, 92 Borough High St, London, SE1 1XF on 020 7788 8226 or Quick Time Removal, 191B Grange Rd, London, SE1 3AA Phone: 020 7231 2403.

Q.

How is SDLT calculated in The Borough and how much should it be on a £132000 residential property?

A.

The Stamp Duty you must pay is dependent on the house's value. It is £1320 on a £132000 property.

Q.

Do you work with many mortgage lenders with The Borough branches?

A.

Of lenders with branches near The Borough, we with the vast majority. Local mortgage lenders and brokers include Cameron Charles & Associates Ltd, Three Tuns House/109 Borough High St, London, SE1 1NL.

Q.

Does homewardlegal.co.uk carry out the legal conveyancing of auction properties in The Borough?

A.

Homeward Legal is able to work with residential property auction procedures. Normally difficult to value lots e. g. thatched cottages, are bought in property auctions and these need added inquiries by the lawyer. We therefore suggest buyers to appoint an affordable lawyer in advance of the auction day to allow sufficient time for a full review of the legal documents. Thereafter, following the property auction, your lawyer will need to be fully prepared to finish the conveyancing inside 28 days as required by the terms and conditions of sale.