I am in the process of selling my maisonette in Kentish Town and the estate agent has just e-mailed to advise that the purchasers are appointing a new conveyancer. I am told that this is due to the fact that the lender will only work with solicitors on their conveyancing panel. Why would a big named lender only work with specific solicitors rather the firm that they want to select for their conveyancing in Kentish Town ?
Banks have always had panels of law firms they are content to work with, but in recent years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for over 25 years.
Lending institutions blame a rise in fraud as the reason 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 being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise 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.
Can you recommend a Halifax accepted Kentish Town conveyancing lawyer who can have us moved in within two weeks? Would it be better to use a high street Kentish Town firm or an online firm?
We would be happy to suggest some excellent Kentish Town conveyancing firms. Another option is to visit the main road in Kentish Town. Approach a couple of law practices and ask to speak with a conveyancing solicitor for a fee estimate. Explain your expectations together with the reasons and get an assurance on speed. Appoint the one that you trust.
Are the BSA intent on creating a online directory to to identify practices on the Loughborough BS conveyancing panel for instance in Kentish Town?
We would not expect to be advised of any plans on the part of the BSA to develop such a register.
Taking into account that I am about to part with over three hundred thousand on a house in Kentish Town I would like to talk to a conveyancer concerning thehouse move ahead of instructing the firm. Is this something that you can arrange?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your property ownership legalities in Kentish Town.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Kentish Town should be the figure that you are charged.
I am using a search engine for the words conveyancing in Kentish Town it brings up many solicitorsin the vicinity. How do I determine which is the suitable conveyancer for the sale of my house?
The preferential method of finding the right conveyancer is through a trusted recommendation, so ask friends and family who have bought a property in Kentish Town or a local estate agent or mortgage broker. Charges for conveyancing in Kentish Town vary, so it's a good idea to request a minimum of three estimates from different solicitors. Make sure that you know that the costs are guaranteed not to rise.
I am hoping to sign contracts shortly on a ground floor flat in Kentish Town. Conveyancing solicitors inform me that they will have a report out to me on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Kentish Town should include some of the following:
-
Do you need to have carpet in the flat or are you allowed wood flooring? Ground rent - what is due and what the invoice dates are, and be on notice if this will change in the future Defining your rights in relation to the communal areas in the building.By way of example, does the lease contain a right of way over a path or staircase? What options are open to you if a neighbour breaches a clause of their lease? The total extent of the premises. This will be the flat itself but could also incorporate a roof area or basement if appropriate.
We have reached the end of our tether in trying to purchase the freehold in Kentish Town. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to arrive at the premium.
An example of a Lease Extension decision for a Kentish Town property is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 64.77 years.