Me and my husband are buying an apartment in Hendon. My property lawyer has never been on on the bank conveyancing panel. Is it possible for me to continue with my Hendon conveyancing solicitor notwithstanding that they are not on the bank panel of approved conveyancing solicitors?
You must have a conveyancing practitioner to deal with the formalities if you take out a mortgage to buy your property. The solicitor will carry out all the appropriate investigations on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage paperwork is in place. One may select a Hendon lawyer of your choosing. Nevertheless, where the conveyancer selected is not on the bank approved list additional charges will be incurred as separate legal representation will be need by the bank. Conveyancing panel applications may be submitted, so where your solicitor has not previously sought membership they should do so.
Our lender has suggested solicitors on their panel based in Hendon but I would rather choose a conveyancing lawyer in Hendon or nearer to where I live. Can you assist?
It is by no means the case that all Hendon conveyancing practitioners are listed all banks conveyancing panel. Do make use of our search tool to locate a Hendon conveyancing firm on the on the mortgage company panel.
I am looking for a flat up to £195,000 and identified one round the corner in Hendon I like with open areas and railway links in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Hendon for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
Am I right to be concerned by estate agents that I am dealing with are suggesting a web based conveyancing firm rather than a High Street Hendon conveyancing firm?
As is the case with lots of professional services, often recommendations from connections can be extremely useful or valuable. But there are many players in a conveyancing matter; estate agents, financial adviser and lenders might all recommend lawyers to use. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but sometimes there is an underlying commercial relationship behind the endorsement. You have the right to choose your own conveyancer. You need to be aware that many lenders operate an approved list of law firms you must use for the lender aspect of your transaction.
How much experience do your Hendon conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Hendon conveyancing lawyers help thousands of people move home every year and helped lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Hendon conveyancers have worked on recent similar cases.