My husband and I are planning to buy a 2 bedroom flat in Kennington with a mortgage. We wish to retain our Kennington solicitor, but the mortgage company advise she’s not on their "panel". It appears that we have no choice but to select one of the mortgage company panel firms or keep our Kennington lawyer as well as pay for one of their panel lawyers to represent them. We regard this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Kennington conveyancing solicitor to apply to be on the conveyancing panel.
I decided to have a survey completed on a property in Kennington ahead of appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders tend not issue a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kennington. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a sole trader planning to take over a lease of an office on a shopping parade. Can you recommend solicitors offering fixed costs for non-domestic conveyancing in Kennington for under 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Kennington, including the sale and acquisition of businesses as well as simply property. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and complexity of the deal. Let us have your contact information or telephone so as to enable us to provide you with a fixed commercial conveyancing quote.
Am I better off to go with a Kennington conveyancing practitioner who is local to the property I am buying? We have a good friend who can deal with the conveyancing however her office is 400miles drive away.
The benefit of a high street Kennington conveyancing practice is that you can visit the firm to execute paperwork, hand in your identification documents and pester them if necessary. They will also have local intelligence which is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and they were content that must trump using an unknown Kennington conveyancing lawyer solely due to them being local.
Some months ago I was advised by my mortgage company that their approved solicitors work on no sale no fee basis for conveyancing in Kennington. I had a purchase fall through nevertheless the lawyers want search fees! They say the fees are independent!
By offering "no completion no fee" Kennington conveyancing firms are foregoing their charges for any work done. We must stress this does not constitute an insurance scheme. Disbursements aren’t covered – where the lawyer have to pay money out to independent parties, for example Kennington local search fees