Willappointing a West London conveyancing practice make my purchase more efficient?
West London is a special area, where neighbourhood experience is a big bonus. The laid-back lifestyle has it’s attractions – just not when it comes to your conveyancing. The conveyancers that we work with providing deep West London know how with a positive, can doattitude that helps everything runs smoothly. It is a distinct advantage that they can make use of well established rapport with mortgage brokers, local authorities, surveyors and counterpart West London conveyancing practices
Why is leasehold purchase conveyancing in West London is more expensive?
West London leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I can not fathom if my mortgage offer requires a lease extension. I have called my West London bank branch on a couple of occasions and was reassured it wasn't an issue and they would lend. My West London conveyancing solicitor - who is on the bank conveyancing panel- called to say that they would not lend in accordance with their specific requirements. I have no idea who is right.
The conveyancer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
After months of negotiation I have agreed a price on a house in West London. My mortgage broker recommended their conveyancers. I paid an upfront payment of £225. Shortly after, the solicitor contacted me to say that they were not on the Coventry BS 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 Coventry BS 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.
I am due to exchange contracts on my flat. I had a double glazing fitted in May 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Virgin Money are being difficult. The West London solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Due to the encouragement of my in-laws I had a survey completed on a house in West London in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may not give a loan on such a property.
It depends who your proposed lender is. HSBC has different instructions from Halifax. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in West London. Conveyancing will be smoother if you use a solicitor in West London especially if they regularly deal with such properties in West London.
I'm converting the mortgage on my primary house to a buy to let loan with Aldermore and I will use the ballance of the raised equity as a down payment on a second house. The neighborhood we are looking at is West London. Will your lawyers be able to act for both sets of banks and link together the conveyances?
Make use of our search tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
I'm selling a property in West London. I have found my conveyancer's company on the CLC list, but I can't locate my conveyancer's name on the list. Should I be concerned?
Not every individual in the law firm must be listed by the regulator. As long there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.