My financial adviser has asked me for my Knightsbridge lawyer’ panel reference for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have called my local Knightsbridge branch but they have not responded to me.
You are best placed to get this information from your Knightsbridge solicitor . They keep a central record lender panel numbers.
My lawyer has uncovered a a legal deficiency with the lease for the property we are purchasing in Knightsbridge. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer says that he must ensure that the bank is content with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.
Can your site be used to find a Conveyancing solicitor in Knightsbridge even if I’m not buying or selling a house, for example if I wish to acquire a shop in Knightsbridge with a mortgage from Platform Home Loans Ltd?
The service is mainly used to locate domestic conveyancing solicitors in Knightsbridge but we have recorded at the bottom of this page a few Knightsbridge commercial conveyancing firms. You will need to enquire with the firm directly to see if they are also authorised to represent Platform Home Loans Ltd
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Knightsbridge. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 2/4/2020, the requirements read as follows :
When it comes to mortgage companies such as Santander, do Knightsbridge lawyers face a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Is there a list of TSB panel conveyancers in Knightsbridge on the Building Society Association’s Website?
No. There is no such facility on the CML or Building Society Association sites. Very few lending institutions make their panel listings viewable online. Where you are looking for a Knightsbridge lawyer on the TSB please use our facility.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Knightsbridge bank branch on a couple of occasions and was told it does not affect the mortgage offer and they would lend. My Knightsbridge conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. Who do I believe?
As long as the solicitor is on the lender approved list, she or he must adhere to the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
It has been 2 months since my purchase conveyancing in Knightsbridge concluded. I have checked the Land Registry site 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.