My wife and I are buying a property in Barnet. It might be a silly question but how we can trust a lawyer? At some point we will need to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My lawyer has informed me that breach of easement insurance is needed on my purchase. What is the level of cover for Barnet conveyancing?
The right level of breach of easement indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such policies.
We expect to receive a DIP from Nationwide this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nationwide recommend any Barnet solicitors on the Nationwide conveyancing panel, or is it better to go independently?
You will need to appoint Barnet solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
Do I need to take out insurance to cover chancel repairs when buying a residence in Barnet?
Unless a previous acquisition of the premises took place post 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Barnet to continue to advocate a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Barnet is where the house is located. Can you shed any light on this issue?
Flying freeholds in Barnet are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Barnet you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Barnet may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am thinking of appointing a conveyancing lawyer in Barnet for my sale. Is it possible to review a firm’s complaints history with the legal regulator?
Anyone may read presented Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator sometimes recorded call for training purposes.
Should I cancel my mortgage payments with Yorkshire BS once a completion date for my home sale in Barnet has been set?
You would be well advised to keep paying any mortgage payments to Yorkshire BS until the mortgage is paid off from the proceeds of sale as part of your Barnet conveyancing.