I have just been advised by my mortgage broker that my St John's Wood solicitor is not on the lender Conveyancing panel. What can I do to be sure if this is correct?
You need to call your St John's Wood conveyancer. You lawyer should advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
My partner and I are buying our first property. The conveyancer has e-mailedto check if we want to take out supplemental conveyancing searches. As novices we have no idea as to what's necessary for conveyancing in St John's Wood
The number and type of St John's Wood conveyancing searches depends entirely on the property, the location, the possibility of any of these risks, your familiarity of the region and risks, your overall approach to risk. What matters is that you adequately comprehend what information the searches could give you. You may then make a decision if you personally think you need that search. Should you be uncertain, ask your solicitor to explain.
We had selected solicitors based in St John's Wood on the Nationwide solicitor panel. They are now charging me a separate sum for the legal aspects of the Nationwide mortgage. Is this an additional conveyancing fee specified by Nationwide?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your property lawyer is entitled to charge a fee for this. The charge is not dictated by Nationwide but by your St John's Wood conveyancing practitioner. Plenty of firms on the Nationwide panel will charge an ‘acting for lender’ fee and others do not.
I am purchasing a property in St John's Wood. A rare aspect is that the roof has a solar panel. UBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is UBS your lawyer must follow the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for UBS. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and lawyers are required to report to UBS where a lease fails to meet these conditions. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to St John's Wood.
My offer on a house in St John's Wood has been agreed to, the owners do nevertheless have a dependent purchase. The owners have offered on a flat, however it’s not been accepted yet, and have viewings of other properties booked. I have chosen a nearby conveyancing solicitor in St John's Wood. What do I do now? When should I get the mortgage application with Barclays started?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, St John's Wood conveyancing search fees, etc). First, you must ensure that your conveyancer is on the Barclays approved list. As to the next steps this very much dictated by the specifics of your transaction, motivation for this property and on the state of the market. In a hot market some purchasers would apply for a home loan with Barclays and arrange for the valuation and only if it comes back ok would they pay their property lawyer to proceed with searches.
Do commercial conveyancing searches disclose proposed roadworks that could impact a commercial site in St John's Wood?
Many commercial conveyancing solicitors in St John's Wood will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in St John's Wood. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in St John's Wood.
For each commercial conveyancing transaction in St John's Wood it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to St John's Wood commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in St John's Wood.
4 months have elapsed since my purchase conveyancing in St John's Wood completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 property 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 am looking for a conveyancing lawyer in St John's Wood for my purchase. Can I review a firm’s record with the legal regulator?
Members of the public may search for documented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA could monitor call for training purposes.