I am in the process of refinancing my home in Notting Hill, does my lawyer have to be on the Santander Conveyancing panel?
In theory, you could use a solicitor that is not on the Santander conveyancing panel, but Santander would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Are all Notting Hill Conveyancing Quality Solicitors on the Aldermore conveyancing list of approved solicitors?
Some major banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
We had selected conveyancers locally in Notting Hill on the Bank of Ireland solicitor panel. They have just invoiced me a supplemental fee for handling the Bank of Ireland mortgage. Is this a supplemental conveyancing fee set by Bank of Ireland?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancer is entitled to charge a fee for this. This charge is not dictated by Bank of Ireland but by your Notting Hill property lawyer. Some firms on the Bank of Ireland panel will levy an ‘acting for lender’ fee and others do not.
I am purchasing a property in Notting Hill. One unusual aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Leeds Building Society your lawyer must comply with the formal requirements set out in Part two of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Leeds Building Society where a lease does not meet these requirements. The specifications relate to the installation of panels on properties countrywide and is not restricted to Notting Hill.
It has been five months since my purchase conveyancing in Notting Hill completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £235,500 and identified one near me in Notting Hill I like with a park and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Notting Hill for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan that many years will be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I have been recommended by a few property agents in Notting Hill to find a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to market your site over and above another?
We refuse to make any referral fee for sending work to this site. We found it would be just too difficult a fee because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
In searching the web for the phrase on line conveyancing in Notting Hill it reveals many solicitorsin the area. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The ideal way of choosing the right conveyancer is through a trusted referral, so seek the counsel of colleagues and relatives who have bought a property in Notting Hill or the reputable estate agent or financial adviser. Charges for conveyancing in Notting Hill vary, so it's a good idea to obtain at least three estimates from varying types of law firms. Make sure that you know what costs in the quote includes.