I am getting closer to an exchange on a house in New Barnet and my mum and dad have sent the exchange deposit to my property lawyer. I am now informed that as the deposit has not come from me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The conveyancing practitioner is obliged to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My grandfather passed away last year and as sole heir and executor I was left the property in New Barnet. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
Given you plan to refinance then UBS will require that you use a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
My friend recommended that if I am purchasing in New Barnet I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your New Barnet conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about New Barnet around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding New Barnet.
Have completed on a a terraced house in New Barnet , how long should it take for the Land Registry to register my ownership? My New Barnet conveyancing solicitor works at snail pace, so I want to be certain the registration formalities are dealt with.
As far as conveyancing in New Barnet registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary according to the party submitting the application, whether there are errors and whether the Land registry communicate with any other persons or bodies. At present in the region of 80% of submission are completed within two weeks but some can be subject to longer delays. Registration takes place once the purchaser has moved in to the premises so registration formalities is not usually top priority yet where it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
I am looking for a conveyancing practitioner in New Barnet for my house move. Can I review a solicitor's record with the profession’s regulator?
Members of the public can review published Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may monitor call for training purposes.