Am I correct in assuming that the fact that my solicitor in Mayfair is not on my lender's conveyancing panel that there is a problem with the quality of her conveyancing?
That would most likely be an incorrect assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Mayfair conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
Do banks and building societies provide you with an approved list of Mayfair conveyancing solicitors? How do you know who is on the Aldermore conveyancing panel?
Mayfair conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
My home in Mayfair is up for sale and I have a purchaser. Does the conveyancer have to be required to be on the Co-operative conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Co-operative conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
We are planning to move home in December. Will my conveyancing solicitor communicate with the removal company on the day of completion. On a separate note, can you put forward a removal company in Mayfair. Conveyancing lawyer was found before I stumbled across this site.
On the day of completion you can pick up the house keys from the selling agent however this can only happen after the sellers solicitors inform the agent that the monies to complete are in and the keys can be passed over. After that you should advise the removal company that they can start moving you in. We are not in a position to suggest a specific removal organisation but can assist you in locating a residential property solicitor in Mayfair or a firm that specialises in conveyancing in Mayfair.
I am the single beneficiary of my late father’s will and I have everything in my name now, including the my former home in Mayfair. The Mayfair property was put into my name in August. I plan to dispose of the property. I understand that there is a CML 6 month 'rule', meaning my proprietorship will be considered the same way as if I'd bought the property in August. Do I have to wait half a year to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. Some mortgage companies would take a practical view as this clause principally exists to identify the purchase and immediately sell or the wholesaling and assigning of properties.
Intending to buy a maisonette in Mayfair. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Mayfair lawyer is on the Lloyds conveyancing panel.
I am looking for a flat up to £245,000 and identified one close by in Mayfair I like with amenity areas and station nearby, the downside is that it's only got 61 years on the lease. I can't really find anything else in Mayfair in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I am thinking of appointing a conveyancing lawyer in Mayfair for my home move. Can I check a firm’s record with the legal regulator?
Members of the public can find presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA may recorded call for training purposes.