I am progressing with the sale of my ground floor flat in Earls Court and the EA has just text me to advise that the buyers are switching property lawyer. The excuse is that the mortgage company will only work with solicitors on their conveyancing panel. On what basis would a major mortgage company only engage with certain solicitors rather the firm that they want to select for their conveyancing in Earls Court ?
UK lenders have always had an approved set of law firms that can represent them, but in the last few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for decades.
Lending institutions justify this action to a rise in fraud by way of justification for the cull – criteria have been narrowed as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any sway in the decision.
Do I need to pay for insurance to cover chancel repairs when purchasing a residence in Earls Court?
Unless a prior purchase of the premises took place after 12 October 2013 you could expect conveyancing practitioners delivering conveyancing in Earls Court to continue to recommend a chancel search and or chancel repair liability policy.
I used Arc property Solicitors several years ago for my conveyancing in Earls Court. I now require my file but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Earls Court of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am selling my home. My previous solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Earls Court if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Earls Court. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Having checked my lease I have discovered that there are only 72 years unexpired on my flat in Earls Court. I now wish to get lease extension but my freeholder is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to track down the freeholder. In some cases an enquiry agent should be useful to conduct investigations and to produce a report which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to proving the landlord’s disappearance and the vesting order request to the County Court covering Earls Court.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Earls Court conveyancing firm to help?
Where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to arrive at the premium.
An example of a Freehold Enfranchisement decision for a Earls Court residence is 5 Wetherby Gardens in June 2014. the Tribunal concluded that the price to be paid for the freehold of the property was £2,369,452. This case related to 5 flats. The number of years remaining on the existing lease(s) was 38.98 years.
At long last our conveyancing in Earls Court is set to complete next Friday, yet the vendors I am purchasing from wishes to move out on the Saturday midday. Do I agree to such a idea?
If you need a bank loan then your lawyer will require that you have vacant possession on Friday - the mortgage company will require it.