I am acquiring property in Belsize Park. My property lawyer is not on the lender approved panel. Is it possible for me to retain my Belsize Park conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
One will need to appoint a lawyer to deal with the formalities when you take out a mortgage to purchase your home. They will carry out all the appropriate investigations on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is in order. You may appoint a Belsize Park solicitor of your choice. However, if the conveyancing practitioner selected is not a member of the bank conveyancing panel additional costs will arise as separate legal representation will be required by them. Bank panel applications can be submitted, so if your lawyer has not historically sought membership they should do so.
Having sold my house in Belsize Park last February yet the purchaser is e-mailing daily to say his lawyer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Post completion of your disposal your lawyer is committed to forward the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer must also evidence that the legal charge in favour of the lender has been repaid to the buyers conveyancers. There is unlikely to be post completion tasks specific conveyancing in Belsize Park.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel lawyer as I would prefer to use a Belsize Park based conveyancing firm?
You should check but the chances are that give you one of their panel solicitors if you take up the "fee-free" incentive. Call the bank to explore if they make available a cash alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Belsize Park.
When it comes to mortgage companies such as Santander, do Belsize Park conveyancing practitioners have to pay an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
My offer was accepted on a house in Belsize Park on 22/3/2019, valuation was booked 3 days after, received a clean bill of health. Conveyancer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Are TSB entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
Clydesdale have agreed my home loan in principle, my bid on a apartment in Belsize Park has been agreed to, what happens next?
The property agent will need to be advised as to your lawyer's details (make sure the solicitors are on the bank’s panel). Contact Clydesdale or the broker and complete any relevant paperwork. Clydesdale will instruct a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. Clydesdale will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Belsize Park.
Due to the advice of my in-laws I had a survey completed on a house in Belsize Park ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders tend not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Belsize Park. Conveyancing may be slightly more expensive based on your lender's requirements.
My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no fees for non-domestic conveyancing in Belsize Park for below £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Belsize Park, including the sale and purchase of businesses as well as simply premises. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. As for the fees this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your details or phone so as to enable us to supply you with a detailed commercial conveyancing calculation.