My financial adviser has requested my Hillingdon law firm’s panel member for the Lloyds conveyancing panel. Can you suggest how I find this out. I have e-mailed my local Hillingdon branch but they cant find it on their system.
You are best placed to get this information from your Hillingdon conveyancer . Most Hillingdon law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
I am buying a garden flat in Hillingdon. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Hillingdon you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Hillingdon.
It has been 2 months since my purchase conveyancing in Hillingdon completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build flat in Hillingdon. 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 is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Hillingdon
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan.
I decided to have a survey completed on a property in Hillingdon before retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may not give a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hillingdon. Conveyancing may be slightly more expensive based on your lender's requirements.
My wife and I are acquiring a ground floor flat in Hillingdon. At the time of instructing our solicitor, they told us that they were on all major UK lender panels. The financial adviser emailed just now to advise that they are not on the Nottingham approved list. Should that be true, what should we do? Do we just choose a new conveyancing practitioner that is on their panel or do we cover the costs for dual representation, with Nottingham appointing their own preferred solicitor.
When acquiring a property with the benefit of a mortgage it is standard for the purchaser’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the solicitor has to meet. Some lenders now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should call Nottingham 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 are not legally obliged to appoint a law firm on Nottingham's conveyancing panel and you may continue to use your own Hillingdon solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.