We are purchasing a 1 bedroom apartment in Knightsbridge with a mortgage. We wish to retain our Knightsbridge conveyancer, but the bank advise she’s not on their "panel". It appears that we have no choice but to appoint one of the lender panel solicitors or retain our Knightsbridge property lawyer and pay for one of their panel lawyers to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Knightsbridge conveyancing lawyer to apply to be on the conveyancing panel.
We note that you have a post code search directory listing solicitors on the HSBC conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Knightsbridge?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Knightsbridge.
I am looking to buy a property and require a conveyancing solicitor in Knightsbridge who is on the Barclays solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays in certain locations such as Knightsbridge. We dont recommend any particular firm.
My colleague recommended that where I am purchasing in Knightsbridge I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Knightsbridge conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Knightsbridge around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Knightsbridge Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Knightsbridge.
I am buying a new build apartment in Knightsbridge. 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.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Knightsbridge
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. 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. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan.
How much should conveyancing in Knightsbridge cost?
Almost all Knightsbridge conveyancing firms will agree to a fixed fee. In the event that extra work arise during the conveyancing your solicitor is duty bound to inform you in writing of such extra fees for such work immediately it becomes foreseeable. Some practices will agree not to charge a fee if a transaction does not go ahead, others will charge a proportion of the agreed charges, according to the stage at which the deal fails.
We would recommend that you ask two or three conveyancers to give you a quotation.