I can't travel far from Knightsbridge. I would like to know the logic why all Knightsbridge conveyancing practitioners aren't automatically on all mortgage company panels?
As inequitable as it may seem for banks to restrict who can represent them, from the public’s or lawyer’s point of view, the the contrary view is that lending institutions are becoming ever more anxious and consider it necessary to protect them from mortgage fraud. As a result of this concern banks have reduced their conveyancing panel to a manageable size.
What is the difference between a licensed conveyancer and conveyancing solicitor in Knightsbridge
There are many recorded licenced Conveyancers in Knightsbridge and Solicitor partnerships in Knightsbridge to choose from We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
A friend pointed out to me me that in purchasing a property in Knightsbridge there may be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
We are aware of a number of properties in Knightsbridge which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Knightsbridge should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am currently in the process of buying my council flat in Knightsbridge. I have a mortgage agreed with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Knightsbridge. Conveyancing is a frightening process 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 conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Knightsbridge
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I decided to have a survey carried out on a property in Knightsbridge before appointing lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders may refuse to issue a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Knightsbridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Knightsbridge to see if the conveyancing costs will increase in light of this.
I am using a search engine for the term cheap conveyancing in Knightsbridge it brings up numerous solicitorsin the area. With so much choice what is the best way to find the suitable property lawyer for me?
The ideal method of finding the right conveyancer is via personal recommendation, so seek the opinion of friends and those you trust who have bought a property in Knightsbridge or a respected estate agent or mortgage broker. Charges for conveyancing in Knightsbridge differ, so it's advisable to secure a minimum of four costs illustrations from varying types of law firms. Make sure that you know what costs in the quote includes.
We are soon to buying a home in Knightsbridge. Could our solicitor have the amount we are are purchasing for private from sites such as Nestoria. How can this be done?
HM Land Registry as a matter of law bound to note price sold data on a register of the title for residential properties countrywide including homes in Knightsbridge. The register of title is a public document, so HM Land Registry would be breaking the law excluded specific properties such as the one in Knightsbridge.
In essence you can ask HM Land Registry to hide the amount paid entry yet the answer would be a No.