Much to our surprise we have been advised by our lender that my Pimlico property lawyer is not on the lender Solicitor panel. How can I be sure that this is correct?
Your first step should be to contact your Pimlico conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
Can I use your services to locate a Conveyancing solicitor in Pimlico even where I’m not purchasing or selling a house, for example where I want to acquire a shop in Pimlico with a loan from Virgin Money?
Our comparison service is mainly there to locate domestic conveyancing solicitors in Pimlico but we have recorded towards the end of this page a selection of Pimlico commercial conveyancing firms. You should enquire with the company directly to check if they are also authorised to represent Virgin Money
The mortgage over my property is with Skipton for my property in Pimlico. Conveyancing has been completed months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Skipton?
Your original mortgage agreement with Skipton will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. You need not do this via a Skipton conveyancing panel solicitor.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Pimlico building society branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Pimlico conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the property lawyer is on the lender panel, they must comply with the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Planning on purchasing a maisonette in Pimlico. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS 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 Pimlico property lawyer is on the Yorkshire BS conveyancing panel.
I opted to have a survey done on a property in Pimlico in advance of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will not give a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Pimlico. Conveyancing will be smoother if you use a solicitor in Pimlico especially if they regularly deal with such properties in Pimlico.
I am thinking of appointing a conveyancing lawyer in Pimlico for my sale. Is there any facility to review a solicitor's record with the legal regulator?
You may review documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training reasons.
My wife and I have recently appointed a conveyancing solicitor in Pimlico. I need to find out if they are listed on the bank's conveyancing panel. Could you advise?
One option is to phone your conveyancer to check if they are on the bank's approved list. Alternatively please get in touch with us and we can make some checks for you. Should the firm not be on the bank panel we we can help find a specialist conveyancing solicitor in Pimlico on the panel for your lender.