My partner and I are buying a brand new flat in Pimlico and my conveyancer is advising me that she has to the mortgage company to reveal incentives from the developer. I am under pressure to sign contracts and I don't want to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What is the difference between a licensed conveyancer and conveyancing solicitor in Pimlico
There are two types of lawyers who can conduct conveyancing in Pimlico namely licenced conveyancers or solicitors. Both professionals provide the legal services that required to complete the disposal or acquisition of property. Both are duty bound to conduct Pimlico conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be properly conducted and that the necessary steps should be correctly attended to.
Can I be sure that the Pimlico conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Pimlico getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer handling your transaction.
We expect to receive a AIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Pimlico solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Pimlico solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
I bought my apartment on 5 August and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Pimlico expressed confidence that it would be registered in a couple of weeks. Are transfers in Pimlico particularly slow to register?
There is nothing unique when it comes to conveyancing in Pimlico registration formalities. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether it is in order and if the Land registry must send notices to any interested persons or bodies. As of today approximately 80% of such applications are fully dealt with in less than three weeks but some can be subject to extensive delays. Registration occurs once the purchaser is living at the premises therefore registration formalities is not always primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor should contact the land registry and explain the circumstances.
Due to the advice of my in-laws I had a survey completed on a house in Pimlico in advance of appointing solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks will not give a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can check via the relevant lender. 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 are accustomed to such properties in Pimlico.
What does commercial conveyancing in Pimlico cover?
Pimlico conveyancing for business premises covers a wide range of advice, provided by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I need to instruct a conveyancing lawyer in Pimlico for my house move. Can I review a firm’s record with the profession’s regulator?
One can review presented Solicitor Regulator Association (SRA) decisions arising from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training requirements.