I am purchasing a flat in Barnes. My Conveyancer has never been on on the bank approved panel. Can I still use my Barnes conveyancing solicitor notwithstanding that they are excluded from the lender panel?
You will need to appoint a solicitor to complete the formalities if you take out a mortgage to buy your home. They will carry out all the appropriate legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage documentation is in place. One can appoint a Barnes solicitor of your choice. However, if the conveyancing practitioner appointed is not a member of the lender conveyancing panel further charges will be levied as separate legal representation will be need by the mortgage company. Bank panel applications can be submitted, so if your conveyancer has not in the past sought membership they should do so.
I am buying a house and require a conveyancing solicitor in Barnes who is on the National Westminster Bank approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for National Westminster Bank in certain locations such as Barnes. We dont recommend any particular firm.
I have been advised by my conveyancer that defective lease insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Barnes?
The right level of defective lease indemnity insurance depends on your lender. It would differ for example between Barclays and Skipton Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
When it comes to lenders such as Bank of Ireland, do Barnes conveyancing practitioners face a fee to be on the conveyancing panel?
We are not aware of any lender fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
is it true that all Barnes conveyancing solicitors on the RBS conveyancing panel are governed by the SRA?
As solicitors, in order to be on the RBS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a house in Barnes? or Apparently there is an ancient law that means some owners of property residing in a parish church boundary may be liable to contribute towards maintenance towards the chancel in proximity to the church. Is this applicable for conveyancing in Barnes?
Unless a prior purchase of the house completed post 12 October 2013 you could assume that lawyers handling conveyancing in Barnes to continue to recommend a chancel search and or insurance against a claim.
three months have gone by following my purchase conveyancing in Barnes took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What are your top tips when it comes to appointing a Barnes conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Barnes conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Barnes conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
What volume of lease extensions have they conducted in Barnes in the last 12 months?
After years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Barnes. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Barnes conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Barnes property is 25 Petley Road in February 2010. The Tribunal determined that the price payable for the freehold of the subject premises should be £18,760. This case was in relation to 2 flats. The unexpired lease term was 156.6 years and 66.6 years.