My fiance and I are intent on purchasing residence in Bloomsbury. My property lawyer is not on the mortgage company approved panel. Am I still permitted to continue with my Bloomsbury conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
You have numerous choices available to you here
- Complete the purchase with your existing Bloomsbury lawyer but your bank will undoubtedly retain a solicitor on their conveyancing panel. This will result in additional charges together with likely frustration.
- Appoint a fresh conveyancer to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your solicitor to do everything possible to get listed on the bank’s conveyancing panel
We have rather brash vendors who has suggested a exclusivity contract with a payment 10k. Are such agreements sensible?
There are two primary concerns with signing a lock out agreement (sometimes termed a no-shop agreement) is that it diverts attention away from progressing with the conveyancing process, so in the absence of it needing little or no negotiation then it may transpire to be a cause of frustration and delay. It is not strongly advocated by Bloomsbury conveyancing practitioners as a result. The other main issue is the extent of the remedies available - a jilted buyer should not expect to be issued with an injunctive ruling by a court to stop the seller disposing of the property to a third party, so the only remedy available under the contract will be the reimbursement of abortive costs and, in limited scenarios, the extra payment of penalties.
We're in Bloomsbury, First time buyers buying with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am selling my property. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Bloomsbury if that makes things easier.
Do use our search tool to help you find a solicitor for your conveyancing in Bloomsbury. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I need to instruct a conveyancing solicitor for some conveyancing in Bloomsbury. I have chance upon a web site which appears to be the perfect answer If there is a chance to get all this stuff completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am in need of some leasehold conveyancing in Bloomsbury. Before I set the wheels in motion I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and most are in Bloomsbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a basement flat in Bloomsbury. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
in cases where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to judgment on the price payable.
An example of a Lease Extension decision for a Bloomsbury property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case affected 1 flat. The unexpired term was 66.8 years.