Can your site be used to find a Conveyancing solicitor in Knightsbridge even if I’m not buying or disposing of a house, for instance where I want to buy an office in Knightsbridge with a loan from The Royal Bank of Scotland?
The service is primarily there to help choose domestic conveyancing solicitors in Knightsbridge but we have listed at the end of this page a few Knightsbridge commercial conveyancing firms. You should enquire with the firm directly to establish if they can also act for The Royal Bank of Scotland
Have just purchased a repossessed house at auction in Knightsbridge. Conveyancing is needed. What is next?
Having exchanged you now have to hire the services of a conveyancing solicitor quickly as you are facing a pending a drop dead date to complete the transaction. All auction property will ordinarily have a corresponding legal pack. This will include most,if not all of the paperwork that your lawyer requires. If you have purchased leasehold property the auction pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You must pass this on to the solicitor working for you ASAP. Do make sure that your finances are in place to complete the transaction on the set completion date.
I have been advised by my conveyancer that lack of building regulations insurance is required on my purchase. What is the level of cover for Knightsbridge conveyancing?
The right level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Virgin Money. Conveyancing lawyers as opposed to borrowers take out such insurances.
I happen to be the single recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Knightsbridge. The Knightsbridge property was put into my name in October. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship could be regarded the same way as if I'd bought the property in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. many lenders would take a practical view as this requirement is primarily there to pick up on the purchase and immediately sell or the quick reselling of property.
We are four weeks into a freehold purchase having been recommend to conveyancers by the local agent to carry out the conveyancing in Knightsbridge. We are not happy. Could you help me find new solicitors?
They would have to be really poor to suggest replacing them. Has the loan offer been generated? If so you need to advise them of the new contact details and ensure the mortgage documents are re-issued. Your new conveyancer should be on the lenders panel to avoid escalating fees and complications. So that should be your starting point. Our search tool should help you find a lender approved solicitor for your home move in Knightsbridge
Do you have any top tips for leasehold conveyancing in Knightsbridge from the perspective of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Knightsbridge can be avoided where you instruct lawyers the minute your agents start advertising the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ lawyers. If you have had conflict with your landlord or managing agents it is essential that these are resolved before the property is marketed. The purchasers and their solicitors will be nervous about purchasing a property where a dispute is unsettled. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over rather than unsettled. In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Knightsbridge leases often stipulate that internal structural alterations or installing wooden flooring require a licence from the Landlord acquiescing to such alterations. Where you fail to have the consents to hand you should not contact the landlord without checking with your solicitor before hand. You may think that you are aware of the number of years left on your lease but it would be wise to double-check via your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to where the remaining number of years is less than 80 years. It is therefore essential at an as soon as possible that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. Many freeholders or managing agents in Knightsbridge charge for providing management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Knightsbridge.
Following months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Knightsbridge. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We can put you in touch with a Knightsbridge conveyancing firm who can help.
An example of a Lease Extension case for a Knightsbridge flat is Flat 3 47 Cadogan Square in December 2010. the Tribunal determined that the premium payable to the landord by the leaseholder for the lease extension was £732,935 This case related to 1 flat. The unexpired term as at the valuation date was 13.33 years.
We had our mortgage agreed in principle on Monday with our lender. We appointed a reputable conveyancer in Knightsbridge yesterday. Today, our broker contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the mortgage company had some control over our choice Is this permitted?
You can actually appoint any conveyancing solicitor you prefer to appoint including the said conveyancer in Knightsbridge however if they are not on the your lender's approved list you must pay an extra fee so the mortgage company can appoint their own conveyancer too. sometimes it is conceivable that your preferred conveyancing firm to get added to the mortgage company list of approved firms. Do make the most of web-based search facilities such as lenderpanel.com to find a conveyancing solcitor in Knightsbridge on the bank panel. You can go into your local lender branch in Knightsbridge. They can recommend conveyancing solicitors in Knightsbridge on the bank panel.