We are buying a 2 bedroom flat in Kilburn with a mortgage. We wish to retain our Kilburn lawyer, however the mortgage company says she’s not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or retain our Kilburn conveyancer and pay for one of their panel firms to act for them. We consider that this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer 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 Kilburn conveyancing solicitor to apply to be on the conveyancing panel.
We're in Kilburn, First time buyers purchasing with a mortgage (lender is Aldermore , and our solicitor is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor 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.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Kilburn?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Kilburn. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What makes your site different to alternative web based conveyancing brokers when it comes to conveyancing in Kilburn?
At this site secure an accurate costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Kilburn. As opposed to estate agents and many comparison sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' solicitors who pay the most commission, not the best value conveyancing in Kilburn
My husband and I are first time buyers - agreed a price, but the agent informed us that the owners will only proceed if we appoint the agent's preferred solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor used to conveyancing in Kilburn
We suspect that the seller is not behind this requirement. Should the vendor want ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to appoint your own,trusted Kilburn conveyancing firm - rather thanthe ones that will give the estate agent a introducer fee or achieve conveyancing thresholds demanded by HQ.
I have recently placed an offer on a leasehold flat in Kilburn and the estate agent that we are using suggested his lawyer. They quoted £800 excluding VAT and disbursements. Does this sound reasonable?
You should not rely on a single quote. You should seek like-for-like quotes for your conveyancing in Kilburn. Then choose one that you are comfortable with and just as important, is on the approved list of the bank that you are sourcing your mortgage from.