My fiance and I are intent on acquiring a maisonette in Finchley. My property lawyer is not listed on the lender conveyancing list. Is it possible for me to use my Finchley conveyancing solicitor notwithstanding that they are excluded from the mortgage company list of approved lawyers?

One must instruct a lawyer to deal with the legal work required if you need a mortgage to purchase your property. The conveyancing practitioner will carry out all the necessary investigations on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is dealt with. You can appoint a Finchley property lawyer of your choosing. However, where the lawyer selected is not a member of the bank approved list additional costs will arise as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so provided your solicitor has not previously applied for membership they should take the chance to apply.

When will exchange of contracts happen for residential conveyancing in Finchley and am I required to be at the solicitors office?

Where you are round the corner to one of the conveyancing solicitors in Finchley you are invited in to sign the paperwork. However, the firms we work with offer countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you by post or email. The signing of the sale agreement is not the critical part. Signing on the dotted line simply enables the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Finchley)to be in the office available at the end of the phone to exchange contracts.

Me and my brother have a semi-detached Victorian house in Finchley. Conveyancing practitioner represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Accord Mortgages Ltd to clarify?

You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Finchley and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who carried out the work.

I am purchasing a new build house in Finchley with a mortgage from Leeds Building Society. The developers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not disclose to my solicitor about this side-deal as it would put at risk my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

All being well we will complete the sale of our £425,000 garden flat in Finchley in 8 days. The managing agents has quoted £420 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Finchley?

For the majority of leasehold sales in Finchley conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Addressing pre-exchange questions Where consent is required before sale in Finchley Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Finchley leasehold premises is £350. For Finchley conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply the information.

I have had difficulty in negotiating a lease extension in Finchley. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most certainly. We can put you in touch with a Finchley conveyancing firm who can help.

An example of a Lease Extension case for a Finchley property is Ground Floor 110 Station Road in June 2013. The Tribunal found that the premium payable for a lease extension should be £31,665. This case related to 1 flat. The remaining number of years on the lease was 56.65 years.