I require conveyancing for an apartment in a relatively new development (five years old) in Barnet. Almost all the appartments have already been sold. Is it strictly necessary to order local searches as part of conveyancing in Barnet?
Where you are obtaining a loan, your lender will insist on some (many) of the searches so you'll have no choice. If not, then Barnet conveyancing searches are for you to decide upon. Your lawyer, will 'advise', perhaps strongly, that you should not go ahead without searches, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Barnet.
Please explain the implications if my lawyer’s firm is removed from the Yorkshire BS Solicitor panel ahead of completing my conveyancing in Barnet?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
A relative recommended that if I am purchasing in Barnet I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Barnet conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Barnet around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Barnet.
How does conveyancing in Barnet differ for new build properties?
Most buyers of new build premises in Barnet contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Barnet typically buy 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 conveyancing solicitors 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 accustomed to new build conveyancing in Barnet or who has acted in the same development.
I am downsizing from my house. My former solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Barnet if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Barnet. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.