Do all mortgage companies provide you with an approved list of South Kensington conveyancing solicitors? How do you know who is on the RBS conveyancing panel?
South Kensington conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
Does a directory service exist listing UBS panel solicitors in South Kensington on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings available over the internet. Where you are in need of a South Kensington conveyancer on the UBS please make the most of our tool.
My partner and I have arranged a further advance on our home loan from Kent Reliance as we wish to carry out alterations to our house in South Kensington. Are we obliged to select a local South Kensington solicitor on the Kent Reliance conveyancing panel to deal with the paperwork?
Kent Reliance do not ordinarily require a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance panel.
I recently had an offer accepted on a house in South Kensington. My financial adviser pressured me to appoint their solicitor. I paid an upfront payment of £200. A couple of days later, the lawyer contacted me to say that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Due to the input of my in-laws I had a survey completed on a property in South Kensington prior to instructing conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks will not issue a mortgage on such a house.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Kensington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Kensington to see if the conveyancing will be more expensive.
I have been advised by a number of selling agents in South Kensington to find a solicitor using your seach tool. What’s the financial upside for Estate Agents to recommend your site ahead of another?
We refuse to make any commission for pointing buyers and sellers 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?’ We would prefer to grow our business on genuine recommendations.
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in South Kensington. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to determine the sum to be paid.
An example of a Lease Extension decision for a South Kensington flat is Flat 16 21/22 Stanhope Gardens in November 2010. the Leasehold Valuation Tribunal concluded that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993, was £106,975 This case was in relation to 1 flat. The remaining number of years on the lease was 51.93 years.
What makes a South Kensington lease unacceptable for security purposes?
Leasehold conveyancing in South Kensington is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are not included. The following missing provisions could result in a defective lease:
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Insurance obligations
A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Chelsea Building Society, and Aldermore all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the buyer to pull out.
What can I do to establish who owns a property in South Kensington?
As long as the premises is registered with HMLR, and you have enough details of the address of the premises, you should be able to obtain results from the HMLR of the recorded proprietor for a for less than a fiver.