It has come to my attention via my estate agent that my Mayfair property lawyer is not on the lender Conveyancing panel. What can I do to check?
You need to call your Mayfair conveyancer. You lawyer should notify you of the situation. If they are not on the panel they may recommend you to a Mayfair conveyancing firm that is on the conveyancing panel for your mortgage company.
We are due to exchange buying a house in Mayfair but as a result of damage from a small fire at the property I have was able negotiate compensation from the owner in the sum of six thousand pounds taking the form of a adjustment in the price. I had intended this to be addressed as part of a side agreement but Leeds Building Society will not permit this. Should they have been involved?
The lawyer that is on a Leeds Building Society conveyancing panel is obliged to advise Leeds Building Society of any amendments to the purchase price. If you were to refuse your solicitor to disclose the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new property lawyer for your conveyancing in Mayfair.
Do I need to attend the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Mayfair so that I can pop in to their offices if necessary.
As opposed to 15 years ago, almost all banks no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to hand over identification documents and there are still distinct benefits to instructing a locally based practitioner, in your case a conveyancing solicitor in Mayfair.
My colleague advised me that where I am purchasing in Mayfair I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Mayfair conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Mayfair around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Mayfair Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Mayfair Education with maps and statistics, Local Amenities and other useful data concerning Mayfair.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who dealt with the conveyancing in Mayfair 10 years ago no longer exist. What do I do?
As long as the title is registered the details of your proprietorship will be held by HMLR under a Title Number. It is possible to perform a search at the Land Registry, find your house and obtain current copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases retain a file duplicate of the Registered Lease and again, a copy can be obtained for a small fee.
I am looking to purchase a repossessed house in Mayfair and the mortgagee in possession require completion inside a week. Can a property lawyer complete in this timeframe? Am I best advised to instruct a local Mayfair firm or an online company that professes to complete quickly?
Visit your Mayfair high street. Go in to 3 solicitor’s offices and ask to talk to a conveyancing solicitor for an estimate. Set out your requirements and get a commitment on speed. Appoint the firm that comes across as most trustworthy. Make sure to select a solicitor on the list of conveyancers who can act for your mortgage company.