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Find a Lisson Grove Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Lisson Grove? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Lisson Grove transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Lisson Grove conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Lisson Grove

My partner and I are buying a brand new apartment in Lisson Grove and my solicitor is informing me that she has to the lender to disclose incentives from the seller. I am under pressure to sign contracts and I would rather not prolong the conveyancing. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

It has been three months since my purchase conveyancing in Lisson Grove concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 residence 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'm buying a new build house in Lisson Grove benefiting from help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not reveal to my solicitor about the side-deal as it may put at risk my loan with The Royal Bank of Scotland. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Do you have any advice for leasehold conveyancing in Lisson Grove from the point of view of saving time on the sale process?

  • Much of the delay in leasehold conveyancing in Lisson Grove can be reduced if you get in touch lawyers the minute you market your property and ask them to put together the leasehold information needed by the purchasers’ lawyers.
  • If you are supposed to have a share in the freehold, you should ensure that you have the original share certificate. Arranging a new share certificate is often a time consuming formality and delays many a Lisson Grove home move. Where a reissued share certificate is required, do contact the company officers or managing agents (if relevant) for this at the earliest opportunity. If you have carried out any alterations to the residence would they have required Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Lisson Grove state that internal structural changes or installing wooden flooring necessitate a licence from the Landlord approving such works. Should you fail to have the approvals to hand do not communicate with the landlord without checking with your lawyer in advance. If there is a history of conflict with your freeholder or managing agents it is very important that these are settled prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and discharge 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 buyers, but it is better to present the dispute as historic as opposed to unresolved.

Having spent years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Lisson Grove. Can we issue an application to the Residential Property Tribunal Service?

in cases where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to calculate the price payable.

An example of a Lease Extension decision for a Lisson Grove flat is Flats 37 & 39 88/90 Portland Place in December 2010. The Tribunal determined that the premium payable for the lease extensions in respect of these two flats is as follows:- For Flat 37, the sum of £385,230.00 For Flat 39, the sum of £436,780.00 This case affected 2 flats. The unexpired term as at the valuation date was 24.02 years.

Our lenders have just issued us with a mortgage offer. We appointed a long established conveyancer in Lisson Grove last week. Today, our financial adviser called to say that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we did not have a clue that the bank had some control over our choice Is this allowed?

You can actually use any lawyer you prefer to instruct for your conveyancing in Lisson Grove nevertheless if they are not on the your bank's approved list you would have to fork out additional cost so the bank can appoint their own lawyers. It may be possible your solicitor may apply to get added to the mortgage company list of approved firms. You can use internet search facilities including lenderpanel.com to find a conveyancing solcitor in Lisson Grove on the bank panel. You can go into your local mortgage company branch in Lisson Grove. They will know some good conveyancing solicitors in Lisson Grove on the panel for your mortgage company.

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Neighbouring Locations

St John's Wood
Primrose Hill
Lisson Grove
Paddington
Marylebone

Find out more about how flying freehold can affect your the value of a property.