I am purchasing a flat in Chalk Farm. My Conveyancer has never been on on the mortgage company approved panel. Can I still continue with my Chalk Farm conveyancing solicitor notwithstanding that they are not on the bank panel?
Various options include
- Proceed with your existing Chalk Farm property lawyer but your lender will undoubtedly retain a solicitor on their approved list. This will result in additional fees and likely interruption.
- Get a new lawyer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Convince your property lawyer to attempt to join the bank panel
We are getting closer to an exchange on a flat in Chalk Farm and my parents have sent the ten percent deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my lawyer needs to disclose this to my lender. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your solicitor is duty bound to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We had appointed solicitors located in Chalk Farm on the Coventry BS solicitor panel. They have just invoiced me an additional amount for dealing with the Coventry BS mortgage. Is this a supplemental conveyancing fee set by Coventry BS?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer may levy a fee for this. This charge is not dictated by Coventry BS but by your Chalk Farm lawyer. Plenty of firms on the Coventry BS panel will charge an ‘acting for lender’ fee and others do not.
I had a mortgage agreed in principle with Co-operative. Chalk Farm conveyancing practitioners were selected. How long does it take for Co-operative to forward the offer to the property lawyer?
Some lenders take longer than others. Have Co-operative completed the survey? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have a mortgage with Clydesdale for my property in Chalk Farm. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Clydesdale?
You must advise Clydesdale in advance of letting out your property as this is likely to be a breach of Clydesdale’s mortgage conditions. It may be that Clydesdale will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. You need not do this via a Clydesdale conveyancing panel firm.
Should commercial conveyancing searches disclose proposed roadworks that may affect a commercial site in Chalk Farm?
Many commercial conveyancing solicitors in Chalk Farm will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Chalk Farm. The report sets out 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 Chalk Farm.
For each commercial conveyancing transaction in Chalk Farm it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Chalk Farm commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Chalk Farm.
About to purchase a new build apartment in Chalk Farm. 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 conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Chalk Farm
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I have been sourcing a conveyancing practitioner in Chalk Farm for my home move. Is there any facility to review a firm’s complaints history with the profession’s regulator?
Members of the public may review documented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training reasons.