I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Knightsbridge. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 5/12/2018, the requirements read as follows :
Are all Knightsbridge Conveyancing Quality Solicitors on the Kent Reliance conveyancing panel?
A selection of banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
We have agreed to purchase a house in Knightsbridge. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Co-operative be concerned?
As you are obtaining a mortgage with Co-operative your lawyer must follow the formal instructions outlined in Section two of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to Co-operative where a lease does not satisfy these conditions. The conditions relate to the installation of panels on properties countrywide and is not restricted to Knightsbridge.
I am currently in the process of buying my council flat in Knightsbridge. I have a mortgage offer with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
Do commercial conveyancing searches disclose impending roadworks that could impact a commercial property in Knightsbridge?
Many commercial conveyancing solicitors in Knightsbridge will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Knightsbridge. The search result sets out 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 Knightsbridge.
For each commercial conveyancing transaction in Knightsbridge it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Knightsbridge commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Knightsbridge.
The estate agent has sent us the confirmation of our purchase of a new build flat in Knightsbridge. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Knightsbridge
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan.
We are a fortnight into a residential purchase having been referred to solicitors by the high street agent to execute conveyancing in Knightsbridge. I am am starting to be disappointed with the quality of service. Can you you assist me in finding new conveyancers?
They would have to be very bad to suggest changing them. Has your mortgage been generated? In the event that it has you must inform them of the replacement conveyancer and get the mortgage documents are issued to the new lawyers. Your conveyancer needs to be on the mortgage company panel to avoid added fees and frustration. So that should be your first question of the new lawyers. Our search tool can help you find a lender approved solicitor for your home move in Knightsbridge