I have just been advised by my mortgage broker that my South Kensington property lawyer is not on the lender Conveyancing panel. How can I be certain if this is indeed the case?
Your first step should be to contact your South Kensington conveyancer. You lawyer should advise you what has happened. If they are not on the panel they may be able to suggest a South Kensington conveyancing firm that is on the conveyancing panel for your bank.
Do all mortgage companies provide you with an approved list of South Kensington conveyancing solicitors? How do you know who is on the Skipton conveyancing panel?
South Kensington conveyancing firms themselves provide us confirmation that they are on the Skipton conveyancing panel as opposed to being supplied with a list from Skipton directly.
If you had a top tip for selecting a conveyancing solicitor in South Kensington what would it be?
It would be unwise to be seduced by the cheapest South Kensington conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. 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 know exactly what you’ll have to pay in advance.
I am helping my niece sell her property in South Kensington. Does the solicitor arrange the energy assessment or it is for the seller to see to?
After the abolition of HIPs, EPC’s became a mandatory part of selling a property. An EPC should be to hand prior to the property being marketed. It is not something that conveyancers normally organise. If you are instructing a South Kensington conveyancing solicitor they may be able to arrange energy performance certificates given their relationships with long established South Kensington accredited person
I had a mortgage agreed in principle with Nottingham. South Kensington conveyancing practitioners are instructed. How long does it take for Nottingham to issue the offer to the lawyer?
Some lenders take longer than others. Have Nottingham conducted the valuation? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I need some quick conveyancing in South Kensington as I have pressure to complete within 3 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not getting a home loan you are at free not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in South Kensington the following are examples of what can appear and therefore impact future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. South Kensington is where the house is located. Is there any guidance you can give?
Flying freeholds in South Kensington are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South Kensington you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Kensington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in South Kensington. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
The majority of houses in South Kensington are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in South Kensington in which case you should be looking for a South Kensington conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’spermission to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your lawyer should appraise you on the various issues.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a South Kensington conveyancing firm to help?
in cases where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to make a decision on the amount due.
An example of a Lease Extension case for a South Kensington property is Flat 16 21/22 Stanhope Gardens in November 2010. the Leasehold Valuation Tribunal concluded that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993, was £106,975 This case affected 1 flat. The unexpired residue of the current lease was 51.93 years.