My financial adviser has requested my Knightsbridge lawyer’ panel member for the HSBC conveyancing panel. How do I obtain this. I have tried my local Knightsbridge branch but they cant find it on their system.
You are best placed to get this information from your Knightsbridge property lawyer . They maintain a central record lender panel numbers.
My wife and I intend to remortgage our flat in Knightsbridge with Clydesdale. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this document specific to the Clydesdale conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Clydesdale. This is solely used to protect Clydesdale if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Clydesdale had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am considering applying for a Barclays mortgage for purchase of a newly converted (under development) in Knightsbridge with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
In theory, you could use a solicitor that is not on the Barclays conveyancing panel, but Barclays would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I am purchasing my first flat in Knightsbridge with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not disclose to my conveyancer about this extras as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Knightsbridge I like with open areas and railway links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Knightsbridge for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
My business partner and I are looking to take over a lease of an office on the high street. Can you recommend solicitors offering no-sale-no charges for commercial conveyancing in Knightsbridge for less than £2000?
We can recommend firms who have specialist knowledge of commercial conveyancing in Knightsbridge, including the sale and acquisition of businesses as well as simply premises. If you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right solicitor. As for the charges these will vary based on the structure and nuances of the deal. Please provide us with your details or email us so that we can supply you with a detailed commercial conveyancing quote.