My mortgage broker requires my Harringay solicitor’s panel member for the HSBC conveyancing panel. What is the best way to find this out. I have contacted my local Harringay branch but they don't know it.
Have you tried calling your Harringay solicitor about this?. Most Harringay conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
As someone not used to the Harringay conveyancing process what is the number one tip you can impart concerning the legal transfer of property in Harringay
Not many law firms shout this from the rooftops but conveyancing in Harringay or throughout North London is an adversarial experience. In other words, when it comes to conveyancing there exists lots of room for conflict between you and other parties involved in the ownership transfer. For instance, the vendor, selling agent and on occasion the mortgage company. Selecting a lawyer for your conveyancing in Harringay should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to protect your legal interests and to keep you safe.
On occasion a third party with a vested interest may attempt to persuade you that you should follow their advice. For instance, the selling agent may claim to be helping by claiming that your lawyer is dragging his heels. Or your financial adviser may tell you to do take action that is contrary to your conveyancers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I am in the process of refinancing my flat in Harringay, does my lawyer have to be on the Coventry BS Conveyancing panel?
There is nothing to stop you using your solicitor, but Coventry BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I have been told that property searches are the main reason for delay in Harringay conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Harringay.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Harringay I like with amenity areas and transport links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Harringay suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.