I am buying a end of terrace house in Barnet. We would like to carry out a loft conversion at the house.Will legal due diligence on the property include investigations to ascertain if these works are prohibited?
Your property lawyer should review the deeds as conveyancing in Barnet will sometimes reveal restrictions in the title documents which prevent certain alterations or necessitated the permission of another owner. Some extensions call for local authority planning permissions and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
I'm the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Barnet. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be regarded the same way as though I had purchased the house in January. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Some mortgage companies would take a sensible view as this clause is primarily there to pick up on subsales or the wholesaling and assigning of properties.
I am currently in the process of buying my council flat in Barnet. I have a mortgage agreed with RBS. 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 have 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 RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
Will our conveyancer be raising enquiries concerning flooding as part of the conveyancing in Barnet.
Flooding is a growing risk for lawyers dealing with homes in Barnet. Some people will acquire a property in Barnet, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, but there are a number of checks that may be initiated by the buyer or by their solicitors which should give them a better understanding of the risks in Barnet. The standard property information forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the seller to find out if the property has historically flooded. In the event that the premises has been flooded in past and is not notified by the seller, then a purchaser may bring a legal claim for losses as a result of such an inaccurate answer. A purchaser’s conveyancers will also commission an enviro report. This should reveal whether there is any known flood risk. If so, additional investigations will need to be initiated.
I am downsizing from my property. My previous solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Barnet if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Barnet. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Is it best to use a Barnet conveyancing practitioner who is local to the property I am buying? We have a good friend who can perform the conveyancing but they are based over three hundred kilometers drive away.
The primary upside of using a local Barnet conveyancing firm is that you can pop in to sign paperwork, deliver your identification documents and apply pressure on them if necessary. Having local Barnet know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were happy that must trump using an unknown Barnet conveyancing solicitor solely due to them being based in the area.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Barnet conveyancing firm to act on my behalf?
Most definitely. We are happy to put you in touch with a Barnet conveyancing firm who can help.
An example of a Lease Extension decision for a Barnet property is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case related to 1 flat. The remaining number of years on the lease was 76 years.
What makes a Barnet lease unacceptable for security purposes?
Leasehold conveyancing in Barnet is not unique. Most leases are unique and drafting errors can sometimes mean that certain clauses are not included. The following missing provisions could result in a defective lease:
A provision to repair to or maintain parts of the building Clauses dealing with recovering service charges for expenditure on the building or common parts.
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , The Mortgage Works, and Barclays Direct all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to pull out.