lenderpanel

Find a North West London Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised North West London conveyancers for over 130 lenders.


Recently asked questions about conveyancing in North West London

Do lenders provide you with an approved list of North West London conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?

North West London conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.

When researching consumer advice sites for a conveyancing solicitor in North West London, many comment that I should instruct a CQS accredited solicitor. What is CQS?

The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing procedures via the scheme protocol It includes many partnerships who execute conveyancing in North West London.

Should our conveyancer be asking questions regarding flooding as part of the conveyancing in North West London.

The risk of flooding is if increasing concern for solicitors dealing with homes in North West London. Some people will buy a house in North West London, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Lawyers are not best placed to give advice on flood risk, but there are a numerous checks that can be carried out by the purchaser or by their conveyancers which will figure out the risks in North West London. The standard completed inquiry forms supplied to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the vendor to discover whether the property has historically flooded. If flooding has previously occurred and is not notified by the seller, then a purchaser may bring a compensation claim as a result of such an misleading reply. A buyer’s lawyers will also order an enviro report. This should indicate whether there is a recorded flood risk. If so, more detailed inquiries should be carried out.

Due to the guidance of my in-laws I had a survey completed on a property in North West London before retaining solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders may not give a loan on this type of premises.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in North West London. Conveyancing may be slightly more expensive based on your lender's requirements.

Last May I purchased a leasehold house in North West London. Am I liable to pay service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I acquired a split level flat in North West London, conveyancing was carried out 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in North West London with an extended lease are worth £181,000. The ground rent is £55 per annum. The lease ceases on 21st October 2072

With just 51 years left to run we estimate the price of your lease extension to range between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.

Last updated

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