We're in Chelsea, FTBs buying with a mortgage (lender is HSBC , and our lawyer is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor 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.
A colleague pointed out to me me that in purchasing a property in Chelsea there could be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Chelsea which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Chelsea should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Chelsea. One unusual aspect is that the roof has a solar panel. Bank of Ireland 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 Bank of Ireland your lawyer must comply with the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Bank of Ireland where a lease does not meet these requirements. The specifications relate to the installation of panels on properties nationwide and is not limited to Chelsea.
My offer was accepted on a house in Chelsea on 23/9/2019, valuation was booked 4 days later, received a clean bill of health. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Can the lender hold off the offer?
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 UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Arc property Solicitors several years past for my conveyancing in Chelsea. Now, I need my documents but the law firm has closed. What do I do?
Do call 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 Chelsea of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a ground for flat up to £305k and found one near me in Chelsea I like with open areas and station in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Chelsea suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
My husband and I are 14 days into a freehold purchase having been recommend to a firm by the local agent to handle our conveyancing in Chelsea. We are not happy. Can you you assist me in finding new lawyers?
They would have to be really bad in order to consider replacing them. Has the mortgage been sent? In the event that it has you need to make them aware of the replacement lawyer and ensure the loan are issued to the new lawyers. Your solicitor ideally should be on the mortgage company approved list to avoid escalating costs and complications. So that should be your starting point. The find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Chelsea
What advice do you have for searching for value for money conveyancing in Chelsea?
First ask your friends and family who they used in the past and if they were happy with the service. Second, search the web for conveyancing in Chelsea. Telephone a couple or more firms from the list and ask them to send you their conveyancing charges and discuss your needs with the solicitor who will conduct your conveyancing before you make your choice. Third is to make use of this site to assist you in finding the right lawyers taking into account your unique factors including location,speed, complexity and who the proposed mortgage company is.Do not be fooled by lowest cost conveyancing solicitors in Chelsea