My fiance and I are hoping to acquire a home in Camden Town and have appointed a Camden Town conveyancing practice. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Platform Home Loans Ltd have this morning contacted us to advise us that there is now an issue as our Camden Town lawyer is not on their conveyancing panel. What do we do from here?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Camden Town lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
When it comes to mortgage companies such as Aldermore, do Camden Town conveyancing practitioners face a yearly amount to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
We have agreed to purchase a house in Camden Town. A rare aspect is that the roof has a solar panel. Principality have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Principality your lawyer must follow the formal requirements set out in Part two of UK Finance Lenders’ Handbook for Principality. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and solicitors are required to report to Principality where a lease does not meet these provisions. The requirements relate to the installation of panels on properties countrywide and is not restricted to Camden Town.
Completion of my remortgage has taken place for my property in Camden Town. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Do commercial conveyancing searches disclose proposed roadworks that could impact a commercial premises in Camden Town?
Many commercial conveyancing solicitors in Camden Town will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Camden Town. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Camden Town.
For each commercial conveyancing transaction in Camden Town it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Camden Town commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Camden Town.
Just had an offer accepted on a new build apartment in Camden Town. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Camden Town
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants.
Should I choose a Camden Town conveyancing practitioner in close proximity to the house I am hoping to buy? An old friend can handle the legal formalities however her office is 300miles drive away.
The primary upside of using a local Camden Town conveyancing practice is that you can pop in to execute documents, deliver your identification documents and pester them if necessary. Having local Camden Town know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were impressed that should outweigh using an unknown Camden Town conveyancing solicitor solely due to them being Camden Town based.
It's been ten years since I've bought a property. A quick search suggests that the costs vary considerably. Please can you refer me to a trustworthy Camden Town solicitor that can act for me as well as represent TSB?
LenderPanel.com is limited to being a directory service for lawyers who want to be listed as being on the approved conveyancing panel for TSB in certain areas such as Camden Town . We dont recommend any particular conveyancing practitioner.