My wife and I are due to exchange on the purchase of a house in Pimlico but as a consequence of damage from a small fire at the property I have was able negotiate reparation from the current proprietors of £3k taking the form of a reduction in the price. This was going to be dealt with as part of amending the contract but TSB are not allowing this. Should they have been informed?
Your solicitor being on a TSB approved list is obliged to disclose to TSB of any amendments to the purchase price. If you prohibit your property lawyer to notify the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new solicitor for your conveyancing in Pimlico.
Are the BSA planning on creating a search tool with a view to to identify practices on the Coventry BS conveyancing panel for instance in Pimlico?
We are not aware of any plans on the part of the BSA to develop such a register.
Are there restrictive covenants that are commonly picked up during conveyancing in Pimlico?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Pimlico. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Pimlico differ for new build properties?
Most buyers of new build residence in Pimlico come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Pimlico tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Pimlico or who has acted in the same development.
Is it possible to swap firm as I need to select a firm on the HSBC Bank conveyancing list. I had appointed a local conveyancing solicitor in Pimlico five minutes from me but she is not accepted by HSBC Bank
It would be our pleasure to assist you select a conveyancing solicitor in Pimlico on the HSBC Bank panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Pimlico. In making use of the find a conveyancing solicitor tool on this website, you can compare costs for conveyancing solicitors in Pimlico and beyond.
I am in need of some leasehold conveyancing in Pimlico. Before I set the wheels in motion I would like to find out the remaining lease term.
Assuming the lease is registered - and most are in Pimlico - then the leasehold title will always include the short particulars 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.
Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in Pimlico. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to arrive at the price payable.
An example of a Lease Extension matter before the tribunal for a Pimlico residence is Flats 12A & 19, Evelyn Mansions Carlisle Place in June 2009. The Tribunal held that the price to be paid for the new lease of Flat 12A is £168,824, For the other flat the price was set at £169,110 This case related to 2 flats. The unexpired term as at the valuation date was 56 years.