I plan on buying property in Brixton. My Conveyancer is not listed on the mortgage company approved panel. Is it possible for me to continue with my Brixton conveyancing solicitor even though they are not on the lender panel?
You must appoint a conveyancing practitioner to deal with the formalities if you need a mortgage to buy your property. They will carry out all the essential legal checks on the property, ensuring that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. One may select a Brixton conveyancer of your choosing. However, where the conveyancer selected is not on the bank conveyancing panel supplemental charges will arise as separate legal representation will be required by them. Bank panel applications may be submitted, so if your conveyancer has not in the past sought membership they can do so.
I am hoping to move into my new home in Brixton next Tuesday. My lawyer now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What risks does the mortgage company expect the insurance to cover?
All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These obligations are not limited to conveyancing in Brixton.
The Brixton conveyancing solicitors that just started acting on my purchase in Brixton have without warning closed. They were on acting for me because I had to have a firm on the RBS conveyancing panel and my preferred Brixton lawyer was not. I wrote them a cheque for two hundred pounds in advance. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
I used Wolstenholmes several years ago for my conveyancing in Brixton. Now, I need the documents however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Brixton of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
About to purchase a new build apartment in Brixton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Brixton
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
My wife and I have recently appointed a conveyancing solicitor in Brixton. I need to find out if they are listed on the lender's approved list of lawyers. Could you advise?
It’s a good idea contact the conveyancer to enquire if they are on the bank's panel. If that does not help get in touch with us and we can investigate and revert. If they are not on the bank panel we can certainly arrange a reputable conveyancing solicitor in Brixton on the panel for your mortgage company.