We are planning to acquire a house and require a conveyancing solicitor in Barnet who is on the Virgin Money approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Barnet.
I have an AIP. The bank mentioned the loan came with free conveyancing. Is the implication that I have to use their panel lawyer as I would prefer to use a local conveyancing solicitor in Barnet?
Do check but the the probability is that appoint one of their panel lawyers if you accept the "fee-free" deal. Call the mortgage company to determine if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Barnet.
How does conveyancing in Barnet differ for new build properties?
Most buyers of new build residence in Barnet approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Barnet usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Barnet or who has acted in the same development.
Should I choose a Barnet conveyancing solicitor based in the area that I am hoping to buy? An old friend can execute the conveyancing but they are based over three hundred miles away.
The primary upside of using a high street Barnet conveyancing practice is that you can pop in to execute paperwork, hand in your ID and apply pressure on them if necessary. Having local Barnet know how is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were content that should surpass using an unfamiliar Barnet conveyancing lawyer solely due to them being round the corner.
Me and my husband have agreed a price on a Barnet apartment left to us seven years ago in 2010. I have over a decades worth of conveyancing knowledge and, although retired, see no reason not to do the conveyancing. The purchaser's property lawyer has informed me that their Lenders will not allow you to do your own conveyancing requiring the funds to be transferred to a solicitor's bank account.
Lending requirements to conveyancers from all CML members state that If the seller is not legally represented the borrower's lawyers should check whether the bank needs to be told so that a decision can be made if they are willing to move forward.