Completed the sale of my flat in Knightsbridge last May yet the purchaser is telephoning daily to say their solicitor needs to hear from mylawyer. What should have happened now that I have sold?
Post completion of your disposal your solicitor should forward the transfer deeds and all of the paperwork to the buyer’s conveyancer. Where relevant, your solicitor must also evidence that the mortgage has been paid off to the purchasers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Knightsbridge.
We wish to acquire a newly converted flat in Knightsbridge with a mortgage from National Westminster Bank.We have a Knightsbridge conveyancing lawyer but National Westminster Bank informed us his firm is not listed on their approved list of firms. It seems we are left with little choice but to instruct a National Westminster Bank panel lawyer or retain our local solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its various provisions, a common one being that conveyancers needs to be on the National Westminster Bank approved list. Until recently, most banks had large numbers of solicitors on their panels: a borrower could find 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. A further alternative is for your lawyer to apply to be on the conveyancing panel for National Westminster Bank
Is there a list of Aldermore panel conveyancers in Knightsbridge on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. Very few lenders make their panel listings open the public over the internet. Where you are looking for a Knightsbridge lawyer on the Aldermore please make the most of our tool.
Is it the case that all Knightsbridge solicitor practices on the Principality conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Principality approved list of solicitors they would need to be governed by the SRA. Many lenders do allow licenced conveyancers on their panel and in that case the organisation would be regulated by the CLC.
Can I be sure that the Knightsbridge conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Knightsbridge seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor carrying out your transaction.
Various internet forums that I have come across warn that are the primary cause of obstruction in Knightsbridge house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Knightsbridge.
I opted to have a survey done on a house in Knightsbridge before appointing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders tend refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Knightsbridge. Conveyancing will be smoother if you use a solicitor in Knightsbridge especially if they are accustomed to such properties in Knightsbridge.
Do lenders provide you with an approved list of Knightsbridge solicitors? How do you know who is on the mortgage company conveyancing panel?
Knightsbridge law firm practices and firms carrying out conveyancing in Knightsbridge themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the lender directly.