I am looking for value for money property lawyer. Do I opt for a nationwide conveyancer as opposed to a high street Knightsbridge conveyancing solicitor?
Existing third party relationships are another important factor to consider when choosing conveyancing lawyers. Knightsbridge conveyancers enjoy connections with mortgage brokers and agents, local authorities, surveyors and other law firms meaning you will move in shortest possible time. Hosting vast experience in the local area is an advantage.
My partner and I changing mortgage lender for our apartment in Knightsbridge with Coventry BS. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have two concerns (1) Is this form unique to the Coventry BS conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your Coventry BS conveyancing panel solicitor is doing the right thing 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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 just bought a flat at auction in Knightsbridge. Conveyancing is necessary. What are my next steps?
Having exchanged you will need to retain a conveyancing practitioner soon as you are facing a fast approaching a fixed date to complete the transaction. All auction property will have a bespoke legal pack. This should include evidence of title and search results. In the case of leasehold premises the auction pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You need to hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that that you have the requisite funding organised to complete on the date specified in the contract.
I am being advised by my solicitor that lack of building regulations insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Knightsbridge?
The right level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Coventry Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
I currently have a mortgage with TSB for my property in Knightsbridge. Conveyancing was finalised some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?
You must advise TSB prior to letting out your property as this is likely to be a breach of TSB’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. You need not do this via a TSB conveyancing panel solicitor.
I am purchasing a property and the conveyancer has mentioned Chancel Repair to which the property could be obligated to contribute to given it’s proximity to the area of such a church. He has mentioned insurance. Is this really warranted for conveyancing in Knightsbridge
Unless a prior acquisition of the house completed after 12 October 2013 you can take it that lawyers carrying out conveyancing in Knightsbridge to remain encouraging a chancel search and or chancel repair liability policy.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Knightsbridge is where the house is located. Can you offer any assistance?
Flying freeholds in Knightsbridge are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Knightsbridge you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Knightsbridge may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking to sell my house. My past conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Knightsbridge if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Knightsbridge. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.