We see that you have a search directory listing solicitors on the Barclays conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Nine Elms?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Nine Elms.
We're in Nine Elms, First timers purchasing with a mortgage (lender is Bank of Ireland , and our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We have agreed to purchase a house in Nine Elms. One unusual aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Kent Reliance your lawyer must check the conveyancing requirements contained in Part two of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Kent Reliance where a lease fails to satisfy these provisions. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Nine Elms.
The formalities of my remortgage has taken place for my property in Nine Elms. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Nationwide have agreed my mortgage in principle, my bid on a flat in Nine Elms has been agreed to, what are the next steps?
Your estate agent will want to know who your solicitors are (ensure that the property lawyers are on the bank’s approved list). Telephone Nationwide or the broker and finalise any outstanding paperwork. Nationwide will appoint a valuer who will get in touch with the estate agent or seller to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. Nationwide will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Nine Elms.
We are purchasing a house and the lawyer has raised the issue of Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly warranted for conveyancing in Nine Elms
Unless a previous acquisition of the property took place post 12 October 2013 you may expect solicitors handling conveyancing in Nine Elms to remain encouraging a chancel search and or insurance against a claim.
I am buying a new build house in Nine Elms with a loan from Santander. The sellers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not to tell my solicitor about this extras as it will jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Following years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Nine Elms. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Nine Elms conveyancing firm who can help.
An example of a Lease Extension decision for a Nine Elms flat is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case was in relation to 1 flat. The unexpired residue of the current lease was 57.06 years.
What makes a Nine Elms lease unmortgageable?
There is nothing unique about leasehold conveyancing in Nine Elms. All leases are drafted differently and legal mistakes in the legal wording can result in certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building A provision for the recovery of money spent for the benefit of another party.
You could encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Virgin Money, and Alliance & Leicester all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to withdraw.