We are a couple about to sign contracts for a garden flat in Knightsbridge. We encountered a stumbling block. Our mortgage offer with Coventry Building Society runs out on 24/9/2024 but the owners are putting forward a completion date of 26/9/2024. Is it possible to extend the loan offer?
The person best placed to address this question is your lawyer who is in a position to assess whether he or she is corresponding with the mortgage broker, seller’s solicitors, estate agents or conceivably all three based on the history of your transaction as of today.
We are hoping to buy a purpose built apartment in Knightsbridge with a loan from Accord Mortgages Ltd.We like our Knightsbridge conveyancing practitioner but Accord Mortgages Ltd says her practice is not on their "panel". we are left little option but to use a Accord Mortgages Ltd panel firm or keep our high street solicitor and fork out for a Accord Mortgages Ltd panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you contains various provisions, a common one being that lawyers will be on the Accord Mortgages Ltd approved list. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose 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. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Accord Mortgages Ltd
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Knightsbridge?
There are many registered licenced Conveyancers in Knightsbridge and Solicitor practices in Knightsbridge who can help with your conveyancing It is important to make clear that the two are regulated professionals specialising in the legal work in the home buying process. They may both also deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Can you point me to a directory of Leeds Building Society panel conveyancers in Knightsbridge on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings open the public online. If you are in need of a Knightsbridge property lawyer on the Leeds Building Society please make the most of our tool.
I am expecting a AIP from Santander this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Knightsbridge solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Knightsbridge solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
The deeds to our property are lost. The conveyancers who conducted the conveyancing in Knightsbridge 4 years ago are no longer around. What are my options?
You no longer need to have the physical official documentation to establish that you own the land or premises, as the Land Registry have everything they need in a digital format.
Am I better off to use a Knightsbridge conveyancing practitioner based in the location that I am buying? An old friend can deal with the conveyancing however they are based 300miles away.
The primary upside of using a local Knightsbridge conveyancing firm is that you can drop in to execute paperwork, hand in your ID and pester them if necessary. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were impressed that must surpass using an unknown Knightsbridge conveyancing lawyer just because they are Knightsbridge based.
I am in need of some leasehold conveyancing in Knightsbridge. Before diving in I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - 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.
After years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Knightsbridge. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Knightsbridge conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Knightsbridge property 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 was in relation to 1 flat. The unexpired lease term was 13.33 years.