I am considering applying for a Kent Reliance mortgage for purchase of a newly converted (under development) in West Kensington with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
How can we tell if a West Kensington conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in West Kensington 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 which is cheap as chips. We would always advocate that you speak with the solicitor handling your conveyancing.
The formalities of my remortgage has taken place for my property in West Kensington. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Our offer on a detached house in West Kensington has been accepted, the sellers do nevertheless have a connected purchase. The vendors have placed an offer on a property, however it’s not yet agreed to, and are looking at other flats booked. I have instructed a high street conveyancing solicitor in West Kensington. What should be my next step? When do I get the mortgage application with Virgin Money going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, West Kensington conveyancing search costs, etc). The first course of action is to ensure that your property lawyer is on the Virgin Money approved list. Concerning the next stages this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. In a hot market the majority of purchasers would apply for a home loan with Virgin Money and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to press on with searches.
3 months have elapsed since my purchase conveyancing in West Kensington concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in West Kensington differ for newly converted properties?
Most buyers of new build property in West Kensington come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in West Kensington tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in West Kensington or who has acted in the same development.
How do I use your search tool to select a conveyancing solicitor in West Kensington on the authorised to act for my bank?
1st select a bank such as Santander, Norwich and Peterborough Building Society or TSB then specify your location for instance West Kensington. Conveyancing practices in West Kensington and further afield should be identified.
In scouring the web for the term on line conveyancing in West Kensington it shows results of numerous conveyancersin the vicinity. How do I determine which is the right solicitor for my move?
The ideal method of choosing the right conveyancer is through a personal testimonial, so ask colleagues and relatives who have acquired a property in West Kensington or a local estate agent or financial adviser. Costs for conveyancing in West Kensington differ, so it's a good idea to obtain at least four fee estimates from varying types of law firms. Be sure to secure confirmation that the fees are fixed.