I plan on purchasing a leasehold flat in Belgravia. My lawyer has never been on on the lender approved panel. Can I still appoint my Belgravia conveyancing solicitor even though they are excluded from the mortgage company approved list?
You have numerous choices open to you here
- Proceed with your preferred Belgravia conveyancing practitioner but your mortgage company will no doubt instruct a property lawyer from their approved panel. This will result in additional fees together with likely delay.
- Get a new conveyancing practitioner to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your lawyer to do everything within their powers to get listed on the lender’s panel of solicitors
We're in Belgravia, FTBs buying with a mortgage (lender is Principality , and our solicitor is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Just had an offer accepted on a new build apartment in Belgravia. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Belgravia
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Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the guidance of my in-laws I had a survey completed on a property in Belgravia prior to retaining solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some lenders tend refuse to give a mortgage on a flying freehold property.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Belgravia. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Belgravia to see if the conveyancing will be more expensive.
I'm refinancing my existing property to a buy to let mortgage with Platform Home Loans Ltd and intend to use the remaining equity as a down payment on a second house. The area we are interested in is Belgravia. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?
Make use of our search tool on this page to check that the solicitors are approved by both mortgage companies. Assuming that they are the solicitor should be able to connect the two conveyancing matters but you should talk with you solicitor and make clear your expectations and requirements.
I am using a search engine for the term cheap conveyancing in Belgravia it shows results of numerous property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The preferential way of finding a suitable conveyancer is through a trusted recommendation, so ask friends and relatives who have purchased a property in Belgravia or a local estate agent or mortgage broker. Fees for conveyancing in Belgravia vary, so it's advisable to obtain a minimum of four costs illustrations from different property lawyers. Be sure to seek confirmation that the costs are guaranteed not to escalate.