My IFA has requested my Holland Park lawyer’ panel reference for the Nat West conveyancing panel. How do I obtain this. I have tried my local Holland Park office but they cant find it on their system.
The sensible thing to do is ask for this information from your Holland Park property lawyer . They should have a central record lender panel numbers.
My wife and I changing mortgage lender for our apartment in Holland Park with Lloyds. We have a son 19 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have two questions (1) Is this form unique to the Lloyds conveyancing panel as he never had to sign this form when we bought 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Lloyds conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Lloyds. This is solely used to protect Lloyds if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Lloyds had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am in the process of mortgaging my apartment in Holland Park, does my lawyer need to be on the RBS Solicitor panel?
There is nothing to stop you using your solicitor, but RBS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Will our lawyer be raising questions regarding flooding during the conveyancing in Holland Park.
Flooding is a growing risk for solicitors carrying out conveyancing in Holland Park. Plenty of people will purchase a house in Holland Park, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, however there are a various searches that can be carried out by the purchaser or by their lawyers which should give them a better appreciation of the risks in Holland Park. The conventional set of information supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a standard inquiry of the vendor to find out whether the property has historically flooded. If the property has been flooded in past and is not revealed by the vendor, then a purchaser may bring a compensation claim as a result of such an misleading response. A buyer’s solicitors will also commission an environmental report. This should reveal whether there is a recorded flood risk. If so, additional investigations will need to be carried out.
Is it possible to swap solicitor as I have to select a firm on the Norwich and Peterborough Building Society conveyancing panel. I was using a family conveyancing solicitor in Holland Park round the corner but he is not approved by Norwich and Peterborough Building Society
It would be our pleasure to help you select a conveyancing solicitor in Holland Park on the Norwich and Peterborough Building Society panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Holland Park. Using the find a conveyancing solicitor tool on this site, you can contrast charges for conveyancing solicitors in Holland Park and throughout England and Wales.
Why can I not complete my conveyancing in Holland Park on Good Friday?
Because on completion the money will be transferred electronically between the banks of the buyer and owner’s lawyer and currently this can only occur on a business day. It is not possible to complete on a saturday or sunday either.