Conveyancing in New Malden
Conveyancing is when a solicitor transfers the legal ownership of a property from one individual to another. If you need a solicitor for conveyancing in New Malden, we can help you with fast & proactive conveyancing from a national panel of conveyancing specialists.
We have years of experience helping homemovers in New Malden and throughout Royal of Kingston upon Thames handle their sale, purchase, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Other areas covered: Epsom, Morden, Surbiton, South West London and London
Buying property in New Malden
A suburb in south-west London, New Malden is known for its vibrant Korean community, local parks, and Malden Golf Club. It has a railway station, providing links to London Waterloo. The suburb has a population of approximately 28,000.
Council Tax in New Malden (2023/24)
New Malden is in Royal Borough of Kingston upon Thames.
What does a New Malden conveyancing solicitor do?
A conveyancing solicitor assists the buyer with the legal side of buying a home.
They will raise questions for the seller's solicitor, order property searches, review the contract of sale and handle post-completion tasks, such as HMLR registration and paying SDLT.
New Malden conveyancing solicitors may also undertake checks for issues related to flats, such as spiralling ground rents.
Are you financing your purchase with a mortgage?
As part of the house buying process, your solicitor also has to handle legal due diligence on behalf of the bank arranging your mortgage. If your solicitor is not on your mortgage provider's panel, your purchase could take weeks longer and cost you more in the process.
Our chosen panel solicitors have established relationships with the majority of mortgage lenders, such as major banks like Metro Bank, to smaller lenders like Principality Building Society and Vida HomeLoans - so you can complete your purchase without delay.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
Approved by over 100 more
We can also help New Malden home movers with conveyancing for:
There are over 500,000 listed buildings across the country - around 170 of which are in Royal Borough of Kingston upon Thames. New Malden listed buildings and properties include: Buying and owning a listed building can be a lot more complicated. Our specialist panel of solicitors will clarify what duties your ownership will impose. Examples include use of traditional methods and materials for maintenance, required consent for any alterations and a requirement to use original or historically appropriate materials. Read more:Buying a listed building
Shared ownership conveyancing refers to acquiring a share in a property from housing associations that offer part-buy, part-rent schemes. Shared ownership conveyancing is more involved. Contracts are more complex, as shared ownership properties are leasehold. Our expert solicitor panel has extensive experience handling shared ownership conveyancing and staircasing.Buying a Shared Ownership property
New Build
The conveyancing process for purchasing a new build in New Malden can be complicated compared to other types of conveyancing.
A conveyancer in New Malden must be able to deal with things like handling structural guarantees, investigating issues with drains and roads that serve the property and working with warranty providers such as NHBC Buildmark, Advantage HCI and Capital Warranties.
Read more:
Buying a leasehold property
Buying a leasehold property in England or Wales requires a number of extra steps when compared to buying a freehold. The many potential traps lying in wait for the unsuspecting purchaser can include legally technical issues like sinking fund issues and onerous clauses in the lease.
Your conveyancing solicitor will look into all potential issues with the lease and report back to you.
Read more:
What you need to know about buying a leasehold property
Should I be wary of buying a leasehold house?
Should I buy a property with a short lease?
4.8 out of 5
When we factored in eveything that was included - this was the best quote we could find
Selling a property in New Malden
At the start of the property selling process in New Malden, the solicitor will prepare the necessary documentation, including title deeds and ID forms, and help you complete these forms.
They will reply to the buyer's solicitor's inquiries, sort out potential snags and handle the mortgage redemption. The solicitor will also coordinate with both sides, like estate agents, landlords and lenders, so the property sale completes as soon as possible.Is there anything to be aware of if selling a leasehold property in New Malden?
The conveyancing process for a leasehold flat or house is much more protracted than for a freehold house.
The complex nature of leasehold property means that conveyancing solicitors in New Malden must undertake extra work, including requesting the latest service charge and ground rent statement, through to a copy of the insurance policy.
In order to resolve any leasehold delays faster, It is highly recommended that the seller instruct a property lawyer as early in the process as possible, preferably before putting the property on the market,.
Conveyancing for selling a property
Remortgage conveyancing
The current Bank of England base rate is 5.25% (7 December, 2024)
Before you instruct, you should always verify your conveyancer's lender panel membership.
Quittance panel solicitors are on the panels of all major building societies and banks. Whether you are changing to a fixed rate mortgage with Bank of Ireland or taking out a shared ownership mortgage from Holmesdale Building Society, our panel solicitors will make the process as simple and stress-free as possible.
Read more:
Find out if our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Transferring Equity in New Malden
If you aim to change the ownership structure of a property, whether you are adding your spouse to the deeds, gifting a property or dealing with inheritance tax planning, you will need to transfer equity.
Your legal representative can handle the legal work for a low, fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much are solicitors' conveyancing fees in New Malden?
Conveyancing solicitors fees
Conveyancing fees are paid to your conveyancer for the work they complete during your property transaction. Your solicitor's quote will detail the fees for the legal work, including VAT, to be paid when the conveyancing transaction completes.
Disbursements (costs payable to third parties)
A disbursement is an expense your conveyancer will pay on your behalf which will be added to your bill when you complete. Third-party disbursements include Stamp Duty Land Tax (SDLT), HM Land Registry fees and property searches.
Check for hidden costs
Some solicitors' quotes include additional fees in their terms and conditions, resulting in a higher-than-expected final bill. If you are comparing conveyancing quotes, make sure you question any charges not set out in your initial quote.
