Unfortunately I am unable to travel far from Belgravia. What is the rationale as to why all Belgravia property lawyers are not on all bank panels?
Before the recession most lenders displayed an approach to risk which is different than today. The financial regulator in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the solicitors on your panel. Consequently, lenders have subsequently requiredmore data from law firms regarding their processes and the individuals who work for them and set certain criteria such as completing a minimum number of transactions. Many law practices have found themselves removed from lender panels even though they had 100% healthy disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the criteria of volume of transactions the lenders required.
Me and my partner are purchasing a apartment in Belgravia. It might be a silly question but how we can trust a solicitor? At some point we will need to put money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Belgravia. Do I receive the keys to the house on completion from my lawyer? If this is the case, I will use a local conveyancing solicitor in Belgravia?
On the day of completion you do not need to go to the conveyancers office in Belgravia. Your solicitors will arrange to send the completion advance to the vendor’s conveyancers, and shortly after the monies have arrived, you should be called to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
My lawyer has informed me that lack of planning permission insurance is necessary on my purchase. What is the level of cover for Belgravia conveyancing?
The appropriate level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Chelsea Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
How does conveyancing in Belgravia differ for newly converted properties?
Most buyers of new build residence in Belgravia come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Belgravia tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Belgravia or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Belgravia in advance of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks tend not give a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact 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 Belgravia. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Belgravia to see if the conveyancing will be more expensive.
Looking for a conveyancing solicitor in Belgravia. I did have one sorted but he's not on the approved list of Skipton. It seems that these days most mortgage companies only allow conveyancers on their panel. Very annoying restricting the choice for the paying public. Please can you recommend a cheap Belgravia conveyancer that can assist us as well as represent Skipton?
The purpose of this site is restricted to being a directory service for solicitors who want to be listed as being on the approved conveyancing panel for Skipton in certain locations such as Belgravia . We dont recommend any specific conveyancing practitioner.