I have just been advised by my mortgage broker that my Pimlico the law firm I have appointed is not on the mortgage company Solicitor panel. How can I be sure that this is correct?
Your first step should be to call your Pimlico lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
Do the Building Society Association intend to launch a online directory to list practices on the Loughborough BS conveyancing panel for example in Pimlico?
Lexsure has not been advised of any intention on the part of the BSA to promote such a tool.
I own a renovated Edwardian house in Pimlico. Conveyancing practitioner acted for me and Barclays Direct. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Pimlico and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing lawyer who conducted the purchase.
I have been on the look out for a flat up to £195,000 and found one near me in Pimlico I like with a park and transport links in the vicinity, however it only has 49 years on the lease. There is not much else in Pimlico in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I am selling my property. My former conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Pimlico if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Pimlico. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My wife and I expecting to complete on the purchase a house in Pimlico but as a result of damage from the recent storms I have negotiated recompense from the vendor of £2k in the form of a reduction in the price. This was going to be addressed as part of the conveyancing process but my bank will not permit this. Why were they notified?
Your lawyer being on a bank conveyancing panel is obliged to advise the lender of any changes to the sale amount. If you did not allow your solicitor to notify the reduction to your lender then they would have to discontinue representing you and the lender.