Find a Lender-Approved Local Conveyancer in Tufnell Park

I can't travel far from Tufnell Park. Please explain the reason why all Tufnell Park solicitors aren't included on all mortgage company panels?

Even though it may seem unfair for banks to restrict who can represent them, from the public’s or conveyancer’s standpoint, the the contrary view is that banks are becoming ever more anxious and feel it essential to protect them from illegal activities. As a consequence of this concern lenders have consolidated their conveyancing panel to a manageable size.

Please explain the implications if my solicitor is expelled from the Nationwide Solicitor panel ahead of completing my conveyancing in Tufnell Park?

The first thing to point out is that, this is a very rare occurrence. 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 at a cost.

Are all Tufnell Park Conveyancing Quality Solicitors on the Skipton conveyancing list of approved solicitors?

A selection of lenders now make use of CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.

Does a directory service exist listing Principality panel solicitors in Tufnell Park on the Council of Mortgage Lender’s Website?

No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available on the web. If you are in need of a Tufnell Park solicitor on the Principality please make the most of our facility.

After weeks of negotiation I have agreed a price on a house in Tufnell Park. My mortgage broker suggested a lawyer. I paid an upfront payment of £225. Soon after, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a residence in Tufnell Park?

Unless a previous purchase of the house completed after 12 October 2013 you may expect lawyers carrying out conveyancing in Tufnell Park to continue to suggest a chancel search and or insurance against a claim.

I have todaybeen informed that Action Conveyancing have closed. They conducted my conveyancing in Tufnell Park for a purchase of a freehold house 12 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?

The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Tufnell Park conveyancing specialists.

Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £425,000 garden flat in Tufnell Park in six days. The freeholder has quoted £336 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Tufnell Park?

Tufnell Park conveyancing on leasehold maisonettes typically involves fees being invoiced by management companies :

Answering conveyancing due diligence enquiries Where consent is required before sale in Tufnell Park Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Tufnell Park leasehold property is £350. For Tufnell Park conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Tufnell Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

Most certainly. We can put you in touch with a Tufnell Park conveyancing firm who can help.

An example of a Lease Extension decision for a Tufnell Park flat is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case related to 1 flat. The unexpired lease term was 64.77 years.