I have 70 years left on my lease and need a lease extension for my flat in Kennington. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/11/2024 the requirements read as follows :
is it true that all Kennington solicitor firms on the Virgin Money conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the SRA. Some banks do permit licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
Last month we had a mortgage agreed in principle with Nottingham. Kennington conveyancing practitioners are appointed. What is the average time that one could expect to receive a mortgage offer from Nottingham?
There is no definitive answer here. Have Nottingham completed the survey? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I was told four weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Kennington is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a residence in Kennington?
Unless a prior acquisition of the house completed post 12 October 2013 you can take it that lawyers conducting conveyancing in Kennington to remain recommending a chancel search and or chancel repair liability insurance.
I used Wolstenholmes several years ago for my conveyancing in Kennington. I now require my papers however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Kennington of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
We are a fortnight into a residential purchase having been referred to a firm by the selling agent to carry out the conveyancing in Kennington. I am am extremely dissatisfied with the level of service. Can you you assist me in finding new solicitors?
A solicitor would need to be really poor to suggest changing them. Has your mortgage offer been generated? If so you need to make them aware of the new contact details and get the mortgage documents are issued to the new lawyers. The solicitor ideally should be on the mortgage company approved list to avoid escalating charges and frustration. So that should be your first question of the new lawyers. The search tool will assist you in finding a lender approved conveyancer for your home move in Kennington
We are buying a three room maisonettein Kennington with a home loan from a bank. We would like to retain our solicitor in Kennington however our bank advise he's not on their "panel". We have to appoint from the our lender panel solicitors or stay with our Kennington conveyancer and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that our bank use our Kennington lawyer?
Unfortunately,no. The lender home loan offered to you is subject to conditions, one of which will be that lawyers will on the bank's conveyancing panel. Until recently, most lenders had open panels, including many conveyancing solicitors in Kennington : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your mortgage company.