I have just started taking steps with the aim of transferring my current homeowner loan to a BTL The Royal Bank of Scotland mortgage. I was told by my financial advisor that I require a conveyancer for this. I got in contact with my previous Pimlico conveyancing firm who dealt with the legals when I initially acquired the property. The quote supplied of £500 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The estimate fees are a little high. Where you are content to spend time comparing charges you might get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, providing that you were satisfied with the service the firm offered you maylive to rue opting for an an untested lawyer. If is important to check that the conveyancer can also act for The Royal Bank of Scotland. You can use our search tool to choose a Pimlico conveyancing firm on the The Royal Bank of Scotland member panel, which can often include conveyancing solicitors in Pimlico.
Are the Pimlico conveyancing solicitors identified as being on the Lloyds conveyancing panel, together with their details provided by Lloyds?
Pimlico conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
Me and my partner are buying a house in Pimlico. It might be a silly question but how we can trust a solicitor? On the day of competition we have to send funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
There is lots of here about conveyancing in Pimlico but can you isolate your top tip for finding the right conveyancer in Pimlico
Do not opt for the lowest Pimlico conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I have today made my last payment due on my mortgage with RBS. I assume I don't need a Pimlico conveyancer on the RBS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
Are there restrictive covenants that are commonly identified as part of conveyancing in Pimlico?
Restrictive covenants 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…’
Due to the advice of my in-laws I had a survey completed on a house in Pimlico prior to retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend not issue a mortgage on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Pimlico. Conveyancing will be smoother if you use a solicitor in Pimlico especially if they are acquainted with such properties in Pimlico.
My husband and I may need to sub-let our Pimlico basement flat for a while due to a career opportunity. We instructed a Pimlico conveyancing firm in 2002 but they have closed and we did not have the foresight to seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
A small minority of properties in Pimlico do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I am the registered owner of a second floor flat in Pimlico. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?
in cases where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to calculate the amount due.
An example of a Lease Extension matter before the tribunal for a Pimlico flat 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 remaining number of years on the lease was 56 years.