Me and my partner are intending to purchase a 2 bedroom flat in Kentish Town with a mortgage. We have a Kentish Town solicitor, but the lender says she’s not on their "panel". We have to appoint one of the bank panel solicitors or keep our Kentish Town lawyer as well as pay for one of their panel lawyers to act for them. We regard this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: 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 Kentish Town conveyancing lawyer to apply to be on the conveyancing panel.
As someone not used to conveyancing in Kentish Town what’s your top tip you can give me concerning the house moving process in Kentish Town
Not many law firms or advisers will tell you this but conveyancing in Kentish Town and elsewhere in North London is often a confrontational process. In other words, when it comes to conveyancing there is plenty of room for conflict between you and others involved in the ownership transfer. For instance, the seller, property agent and on occasion the bank. Choosing a solicitor for your conveyancing in Kentish Town is a critical decision as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to protect your legal interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. We recommend that you your first instinct should be to trust your solicitor above all other parties in the home moving process.
I am purchasing a new build house in Kentish Town with a mortgage from Barclays . The developers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not inform my conveyancer about this deal as it may put at risk my loan with Barclays . Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a house in Kentish Town prior to instructing lawyers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will refuse to give a loan on a flying freehold home.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kentish Town. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kentish Town to see if the conveyancing costs will increase in light of this.
My father-in-law has urged me to instruct his conveyancing solicitors in Kentish Town. Should I find my own property lawyer?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to get referrals from friends or family who have actually used the conveyancer that you are considering.
I need to find a bank panel solicitor in Kentish Town. Can you assist?
It is not clear why you need a Kentish Town panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Kentish Town are on their panel . If you do find such a firm in Kentish Town not listed please direct them to our site to list. After all the cost is only one £1 a month