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Conveyancing in Tooting Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 17/10/17

Tooting station is almost 1 mile from Tooting. Tooting's closest airport is London City Airport (11 miles s). Heathrow Terminals 1 2 3 Airport is 13 miles, London Heliport Airport is 3 miles, Heathrow Terminal 5 Airport is 15 miles, Gatwick South Terminal Airport is 19 miles, Gatwick North Terminal Airport is 19 miles, Heathrow Terminal 4 Airport is 13 miles, Northolt Jet Centre Airport is 14 miles, Elstree Airport is 17 miles and London Biggin Hill Airport is 11 miles away.

St Georges London is a nearby hospital for Tooting.

Q.

I need the cheapest conveyancing solicitors. What do we need to consider?

A.

Many firms promote cheap conveyancing quotes. However additional charges are often hiding in the solicitor's terms. These terms are often ignored by excited buyers, eager to get underway. Any fees should be clearly defined. A quote should state costs to be paid to third parties, like the local authority, (disbursments).We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

Is it expensive to defer paying out for stamp duty on property?

A.

Stamp duty reduction should be treated with extreme caution in Tooting, because these schemes are costly and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself.

Q.

Does homewardlegal.co.uk manage the legal conveyancing of auction properties in Tooting?

A.

Homeward Legal is highly knowledgeable with bidders at auction. Traditionally more complicated to convey houses such as property that cannot be insured, are listed in property auctions which tend to necessitate more exploration by the conveyancer Lawyers therefore advocate that buyers instruct a CQS property lawyer well before the day of the auction to give enough time for a detailed review of the legal papers for the lot.

Thereafter, following the actual auction, the lawyer is geared up to complete the auction conveyancing process in 28 days after exchange as usually required by the terms of sale.

Q.

Which of the lender panels in Tooting are you on?

A.

Homeward Legal have solicitors with experience working beside many lenders approved by the CML. A number of mortgage specialists operate in Tooting, like Santander, 266-268 Upper Tooting Rd, London, SW17 0ED, and IFA Ltd, 272 Mitcham Rd, London, SW17 9NT. Your conveyancing solicitors should be able to deal with the particular enquiries and searches your lender requires.

Q.

What investigation in respect to the risk of flooding in the Wandsworth area will my Tooting property solicitor check out?

A.

An essential part of the legal due diligence process involves the conveyancing lawyer conducting environmental searches that go in detail with respect to Tooting flood risk area. Depending on the results, your conveyancing solicitor in Tooting could possibly propose an inexpensive (around twenty pounds) and more detailed flood risk search. At the time of writing (16-Jul-12) there were no warnings around the River Graveney at Tooting and Colliers Wood at the River Wandle Catchment in the London Boroughs of Wandsworth, Merton, Lambeth, Croydon and Sutton

Q.

When in the conveyancing process is it wise to speak to a conveyancing solicitor in Tooting?

A.

With a 'no move, no fee' guarantee, instructing as early as possible is better, as conveyancing involves a number of tasks which may begin very early in the process. Instructing your solicitor earlier for a purchase means that you can shave days off the process by having the details of your instructed solicitor ready when you make an offer, or, if you are selling a property, documents can be prepared earlier, considerably accelerating the whole process.

Q.

Our mortgage lender will be Santander - is there anything we need to consider?

A.

Recently, a number of lenders are now reducing their 'solicitor panel', which may result in increased legal costs for home buyers. Homeward Legal are able to act for the majority of mortgage lenders so that the buyer will not have to pay an additional fee for your lender's solicitor.

Q.

How is contaminated land in Tooting investigated when buying a house?

A.

Property in Tooting may be contaminated by several natural causes and human activities, such as landfill sites. An environmental search will reveal this in more detail.