I am not well enough to travel far from Kensington. Can you please clarify why all Kensington property lawyers aren't included on all bank panels?
Mortgage Companies normally impose restrictions on either the type or the number of conveyancing practices on their panel. Typical examples of such restriction(s) being that a organisation is required to have at least two partners. As well as restricting the type of firm, some have made a decision to limit the size of their panel they permit to represent them. You should note that banks have no responsibility for the accuracy of service given by any Kensington property lawyer on their panel. Property fraud was a key driver in the culling of conveyancing panels from 2008 even though there are opposing opinions about whether solicitors sat at the center of that fraud. Statistics from HM Land Registry indicates that thousands of conveyancing practices only transact less than three conveyances a year. Those vindicating conveyancing panel pruning question why law firms deserve the right to be listed on a lender panel when it is apparent that conveyancing is not their speciality?
I have given 8 weeks notice to my current landlord and must vacate my let out property in Kensington by the end of next month. Conveyancing on my purchase has just started. Is it possible to complete in 4 weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to give notice for your lease until your lawyer suggests that you should. Assuming that you have not previously done so, contact to your solicitor and ask them to they cajole the owners side, try to an acceptable time-line that everyone will aim to achieve
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Kensington?
Two types of professional can execute conveyancing in Kensington namely licenced conveyancers or solicitors. Both professionals provide the legal services that required to complete the disposal or acquisition of property. Both are obliged to perform Kensington conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be professionally administered and that the requisite steps should be appropriately adhered to.
is it true that all Kensington solicitor firms on the HSBC conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel and in that case the organisation would be regulated by the CLC.
Nottingham have agreed my mortgage in principle, my offer on a property in Kensington has been agreed to, what are the next steps?
Your estate agent will need to be advised as to your solicitor's details (make sure the solicitors are on the lender’s panel). Contact Nottingham or the broker and finalise any appropriate forms. Nottingham will sellect a valuer who will get in touch with the selling agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. Nottingham will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Kensington.
The estate agent has sent us the confirmation of our purchase of a new build flat in Kensington. 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 can expect your new-build leasehold conveyancing in Kensington
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I need to retain a conveyancing solicitor for some conveyancing in Kensington. I've stumble upon a web site which appears to be the ideal answer If there is a chance to get all the legals completed via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.