How do I find the right lawyer to give a quality service for my conveyancing in Knightsbridge?
First ask relatives who they experienced using in the past and if they were happy with the service.
Second, search the web for conveyancing in Knightsbridge. Telephone a couple or more firms listed and ask them to email you their conveyancing fee calculations and discuss your needs with the solicitor who will oversee your legal process ahead ofmaking your choice.
Third is to make use of our search tool to assist you in finding the right solicitors taking into account your own requirements including location,deadlines, complications and who the proposed lender is. Resist the temptation to opt for ninety nine pound conveyancing in Knightsbridge
My aunt passed away last year and as sole heir and executor I was left the house in Knightsbridge. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
Where you intend to re-mortgage then Co-operative will insist on your using a conveyancer on the Co-operative conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Co-operative conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Co-operative mortgage is registered as a charge at the Land Registry.
My colleague suggested that if I am purchasing in Knightsbridge I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Knightsbridge conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Knightsbridge around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Knightsbridge Education with plans and statistics, Local Amenities and other useful data concerning Knightsbridge.
How does conveyancing in Knightsbridge differ for newly converted properties?
Most buyers of new build residence in Knightsbridge approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Knightsbridge tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Knightsbridge or who has acted in the same development.
Do I need to be suspicious by third parties that I am dealing with are suggesting an internet conveyancing firm as opposed to a High Street Knightsbridge conveyancing company?
As is the case with many professional services, often suggestions from relatives can be extremely useful or valuable. Yet there are lots of players in a conveyancing matter; estate agents, financial adviser and banks may suggest conveyancers to retain. Sometimes the lawyers might be known to one of the organisations as one of the best in their field, but occasionally there might be a commercial relationship behind the recommendation. You have the right to select your preferred lawyer. You need to be aware that many banks have an approved list of law firms you have to use for the mortgage aspect of your home move.
I am in need of some leasehold conveyancing in Knightsbridge. Before diving in I require certainty as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Knightsbridge - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Knightsbridge conveyancing firm to act on my behalf?
Where there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to arrive at the premium.
An example of a Lease Extension decision for a Knightsbridge residence is Flat 3 47 Cadogan Square in December 2010. the Tribunal determined that the premium payable to the landord by the leaseholder for the lease extension was £732,935 This case affected 1 flat. The unexpired term as at the valuation date was 13.33 years.