The South Kensington conveyancing firm handling our South Kensington conveyancing has uncovered a difference between the assumptions in the home valuation report and what is revealed within the conveyancing documents. My solicitor says that he is duty bound to ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance right?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Is there a reason why leasehold purchase conveyancing in South Kensington is more expensive?
The conveyancing charges for a leasehold property in South Kensington is frequently higher when contrasted to a freehold acquisition or disposal. This is due to the supplemental time necessary in corresponding with the landlord and management company to obtain information concerning whether the rent and maintenance charges have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
Can you clarify what the consequences are if my solicitor is removed from the Clydesdale Solicitor panel ahead of completing my conveyancing in South Kensington?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
What will a local search reveal about the house I am purchasing in South Kensington?
South Kensington conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Searches UK The local search plays a central role in most South Kensington conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I used Wolstenholmes several years ago for my conveyancing in South Kensington. I now require my file however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in South Kensington of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
My step-father has urged me to instruct his conveyancing solicitors in South Kensington. Do I take his guidance?
No doubt it’s preferable to find a conveyancing lawyer is to seek referrals from friends or relatives who have actually previously instructed the firm that you are are thinking of instructing.