I plan on acquiring property in Hyde Park. My property lawyer is not on the mortgage company conveyancing panel. Is it possible for me to use my Hyde Park conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
You have a couple of choices open to you here
- Complete the purchase with your preferred Hyde Park solicitor but your mortgage company will undoubtedly instruct a conveyancer on their approved list. This will result in additional charges together with potential frustration.
- Appoint a new solicitor to conduct the conveyancing, ensuring that they are on the lender conveyancing panel.
- Convince your property lawyer to do everything possible to get accepted on the mortgage company conveyancing panel
We are soon to exchange on the purchase of a property in Hyde Park but as a consequence of damage from the recent storms I have managed to agree compensation from the current proprietors of £3k in the form of a deduction in the price. This was going to be addressed as part of the conveyancing process yet Co-operative are not allowing this. Should they have been involved?
The conveyancer being on a Co-operative conveyancing panel is obliged to inform Co-operative of any changes to the purchase price. If you were to refuse your conveyancer to report the price change to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new property lawyer for your conveyancing in Hyde Park.
3 months have elapsed following my purchase conveyancing in Hyde Park completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 asset 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.
I opted to have a survey done on a property in Hyde Park ahead of appointing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some banks will not give a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hyde Park. Conveyancing will be smoother if you use a solicitor in Hyde Park especially if they regularly deal with such properties in Hyde Park.
Completion is due on the disposal of our £375,000 flat in Hyde Park in just under a week. The managing agents has quoted £336 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Hyde Park?
Hyde Park conveyancing on leasehold maisonettes nine out of ten times results in fees being raised by freeholders :
Addressing pre-exchange questions
Where consent is required before sale in Hyde Park
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Hyde Park Leasehold Conveyancing - A selection of Queries Prior to Purchasing
Its a good idea to discover as much as possible concerning the managing agents as they will either make your living at the property much simpler or a lot more difficult. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to daily matters like the cleanliness of the common parts. Don't be shy to ask other people what they think of their service. In conclusion, investigate as to the dates that the service fees are due to the appropriate party and specifically what it includes. Is there a share of the freehold? Make sure you enquire if the the lease includes any unreasonable restrictions in the lease. By way of example it is fairly common in Hyde Park leases that pets are not allowed in in a block in Hyde Park. If you like the flatin Hyde Park but your dog is not allowed to move with you then you will be faced hard decision.
Is it the case that all Hyde Park property lawyers on every lender conveyancing panel?
You can use our search tool or you can go into your local bank branch in Hyde Park. Chances are that they will know some good conveyancing solicitors in Hyde Park