I am the registered owner of a freehold property in Crouch End but still pay rent, why is this and what is this?
It’s unusual for properties in Crouch End and has limited impact for conveyancing in Crouch End but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
we are a couple who decided to purchase a purpose built flat in Crouch End with a mortgage from Nationwide Building Society.We like our Crouch End conveyancing practitioner but Nationwide Building Society says her practice is not listed on their approved list of firms. It seems we have no choice but to instruct a Nationwide Building Society panel solicitor or keep our high street solicitor and pay for a Nationwide Building Society panel lawyer to act for them. This seems very unfair; Can we not simply insist that Nationwide Building Society use our lawyer?
No, not really. The mortgage offered to you contains various provisions, one of which will be that conveyancers must be on the Nationwide Building Society solicitor panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Nationwide Building Society
Can you point me to a directory of Bank of Ireland panel solicitors in Crouch End on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of lending institutions make their panel listings open the public online. Where you are looking for a Crouch End solicitor on the Bank of Ireland please use our tool.
I am buying a property in Crouch End. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that your lender is HSBC your lawyer must check the formal instructions outlined in Section two of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancers are required to report to HSBC where a lease does not meet these conditions. The provisions relate to the installation of panels on properties countrywide and is not restricted to Crouch End.
I had an offer accepted on an apartment in Crouch End on 11/12/2018, valuation was booked 2 days after, all came back fine. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Stirling Law several years ago for my conveyancing in Crouch End. Now, I need the files however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Crouch End of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Finally, a loan agreement from a lender for the refinancing of my 3 bedroom garden flat is to be issued by the end of next week. Are you able to suggest a cheap remortgage conveyancing solicitor in Crouch End ?
You are on the wrong site if you are in need of the cheapest conveyancing in Crouch End. Our aim is to provide value for money conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers offering low cost conveyancing in Crouch End.At best, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up being stung for extras and still not receive the service expected.