I am one month into the sale of my ground floor flat in West Kensington and the estate agent has just called to advise that the purchasers are switching solicitor. The excuse is that the lender will only work with solicitors on their approved list. On what basis would a major mortgage company only work with certain lawyers rather the firm that they want to choose to handle their conveyancing in West Kensington ?
UK lenders have always had panels of law firms that can represent them, but in the last few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Mortgage companies point to the increase in fraud as the reason for the pruning – criteria have been narrowed as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any impact on this.
Can the conveyancing practitioners listed on your site handle right to buy conveyancing in West Kensington?
We work with numerous conveyancing practitioners who can conduct right to buy transactions You should call the lawyers listed to get a costs calculation.
What does my ID and proof of funds have anything to do with my conveyancing in West Kensington? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms and Conditions that you are required to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to hand over identification documents, your lawyer would not be able to act for you.
Have completed on a a semi-detached house in West Kensington , What is the estimated time for the Land Registry to register my title? My West Kensington conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.
There is nothing unique about conveyancing in West Kensington registration formalities. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether it is in order and if the Land registry must send notices to any interested parties. As of today roughly 80% of submission are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration is effected once the buyer is living at the property thus 'speed' is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your conveyancer can speak with the land registry and explain the circumstances.
I need to instruct a conveyancing solicitor for my conveyancing in West Kensington. I've chance upon a web site which appears to be the ideal offering If it is possible to get all this stuff done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I’m about to sell my 2 bed apartment in West Kensington. Conveyancing solicitors are to be appointed soon, however I have recently received a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you clear the service charge as normal given that all ground rent and service payments will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Following months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in West Kensington. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a West Kensington conveyancing firm who can help.
An example of a Lease Extension case for a West Kensington premises is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case related to 1 flat. The unexpired term as at the valuation date was 37.79 years.