I was told today by my mortgage broker that my Ravenscourt Park property lawyer is not on the mortgage company Solicitor panel. How can I be certain whether this is indeed the case?
Your first step should be to contact your Ravenscourt Park lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may be able to suggest a Ravenscourt Park conveyancing firm that is on the approved list of lawyers for your mortgage company.
We were just about to sign contracts for a garden flat in Ravenscourt Park. We encountered a problem. The mortgage offer with Accord Mortgages Ltd runs out on 19/4/2024 but the owners are insisting on a completion date of 23/4/2024. Is it possible to prolong the mortgage offer?
The best person to address this question is your conveyancer who is in a position to determine if he or she is corresponding with the lender, vendor’s lawyers, selling agents or possibly all parties taking into account the history of your transaction as of today.
Do I have to visit the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Ravenscourt Park so that I can pop in to their offices if necessary.
Whereas this was necessary twenty years ago, the vast majority banks no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still distinct benefits to choosing a locally based solicitor, in your case a conveyancing solicitor in Ravenscourt Park.
Me and my partner are purchasing a apartment in Ravenscourt Park. I might seem paranoid but how we can trust a solicitor? On the day of competition we have to deposit money into their account. What protection do we have from them run away with our monies?
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.
We previously appointed conveyancers located in Ravenscourt Park on the Nationwide solicitor approved list. They have just invoiced me an additional sum for dealing with the Nationwide mortgage. Is this an additional conveyancing fee set by Nationwide?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your conveyancing practitioner is entitled to levy a fee for this. This fee is not set by Nationwide but by your Ravenscourt Park property lawyer. Some firms on the Nationwide panel will charge an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.
Last month we had a mortgage agreed in principle with Santander. Ravenscourt Park conveyancing lawyers have been selected. What is the average time that one could expect to receive a mortgage offer from Santander?
Some lenders take longer than others. Have Santander done the valuation? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Are there any apps to help search for a Ravenscourt Park law firm on the The Royal Bank of Scotland conveyancing panel? I drive a motor bike and am willing to travel upto 25kilometers to meet the solicitor.
You can use the facility on this website. Please select a mortgage company and your location and you will see a number of Ravenscourt Park conveyancing lawyers locally. We have listed some Ravenscourt Park conveyancing firms at the bottom of this page and you can telephone them to verify whether they are on the The Royal Bank of Scotland approved list
I am a negotiator for a reputable estate agency in Ravenscourt Park where we have experienced a few flat sales derailed due to short leases. I have received contradictory information from local Ravenscourt Park conveyancing firms. Can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Having spent months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Ravenscourt Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Ravenscourt Park conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Ravenscourt Park premises is 19 Crisp Road in June 2009. Following a vesting order (Under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993) The tribunal determined that the premium payable for the acquisition of the freehold was £33,756,apportioned as to£12,285 for the lower at and £21,471for the upper fat. This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 68.32 years.