I am not in a position to travel far from Barnet. Is there a reason why all Barnet solicitors are not on all mortgage company panels?
As unjust as it may seem for lenders to restrict who can represent them, from the public’s or solicitor’s standpoint, the other side of the coin is that lenders are becoming ever more anxious and feel it crucial to defend themselves from illegal activities. As a consequence of this concern mortgage companies have reduced their conveyancing panel to a size that they are happy to control.
I have 71 years unexpired on my lease and need a lease extension for my apartment in Barnet. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/8/2018 the requirements read as follows :
Due to the guidance of my in-laws I had a survey completed on a house in Barnet in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks may not grant a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Barnet. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Barnet to see if the conveyancing will be more expensive.
Should I be suspicious by third parties that I am dealing with are encouraging me to use an internet conveyancing firm rather than a local Barnet conveyancing practice?
As with many service providers, often recommendations from relatives can be most helpful. Yet there are numerous players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all suggest lawyers to instruct. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there may be a commercial relationship behind the recommendation. You have the discretion to choose your own lawyer. However, bear in mind that some mortgage providers have an approved list of conveyancers you are obliged to use for the lender related work in your house move.
My uncle has recommend that I use his conveyancers in Barnet. Should I choose my own solicitor?
No doubt the ideal way to choose a conveyancing solicitor is to seek recommendations from friends or relatives who have actually previously instructed the firm that you are considering.