Me and my fiance are hoping to purchase a 2 bedroom apartment in Ladbroke Grove with a mortgage. We like our Ladbroke Grove solicitor, but the bank advise she’s not on their "panel". It seems we have little choice but to instruct one of the lender panel conveyancing practices or continue with our Ladbroke Grove conveyancing practitioner and pay for one of their panel firms to represent them. This feels very unfair; are we not able to require that the lender use our Ladbroke Grove solicitor ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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. Another option that might be available is for your Ladbroke Grove conveyancing solicitor to apply to be on the conveyancing panel.
I purchased a freehold property in Ladbroke Grove but nevertheless pay rent, why is this and what is this?
It is rare for properties in Ladbroke Grove and has limited impact for conveyancing in Ladbroke Grove but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
I have paid off my mortgage with Barclays. I assume I don't need a Ladbroke Grove conveyancing practitioner on the Barclays panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I have a mortgage with Nationwide for my property in Ladbroke Grove. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nationwide?
Your original mortgage agreement with Nationwide will provide that you need their approval in advance of renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. You need not do this via a Nationwide conveyancing panel firm.
At last I have had an offer on a flat in Ladbroke Grove accepted, but there is a chain. The owners have offered on on an apartment, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a local conveyancing solicitor in Ladbroke Grove. What should be my next step? At what stage do I apply for the mortgage with Kent Reliance?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Ladbroke Grove conveyancing search charges, etc). First, you must check that your property lawyer is on the Kent Reliance approved list. Regarding the next phase this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. During a hot market many buyers would apply for the mortgage with Kent Reliance and pay for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to press on with the conveyancing in Ladbroke Grove.
Me and my brother purchased a terraced Georgian property in Ladbroke Grove. Conveyancing solicitor represented me and Britannia. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ladbroke Grove and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who carried out the work.
I am using a search engine for the term cheap conveyancing in Ladbroke Grove it brings up many property lawyerslocally. How do I determine which is the right conveyancing solicitor for the sale of my house?
The best method of seeking the right conveyancer is through a trusted testimonial, so ask colleagues and relatives who have purchased a property in Ladbroke Grove or a reputable estate agent or mortgage broker. Costs for conveyancing in Ladbroke Grove vary, so it's a good idea to request at least four fee calculations from different property lawyers. Make sure that you know that the fees are fixed.
I need to swap lawyers as my Ladbroke Grove lawyer is not on the lender's panel of conveyancing solicitors. Is it practical to instruct different lawyers?
In the event that you have not formally instructed a solicitor to do anything for you and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Ladbroke Grove that you're considering.