I am the registered owner of a freehold house in North Finchley but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in North Finchley and has limited impact for conveyancing in North Finchley 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 post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I am in the process of remortgaging my property in North Finchley, does my lawyer need to be on the Leeds Building Society Conveyancing panel?
There is nothing to stop you using your solicitor, but Leeds Building Society 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.
Is it possible to swap solicitor as I need to find one who is on the Santander conveyancing panel. I had appointed a family conveyancing solicitor in North Finchley round the corner but she is not approved by Santander
We will our best to assist in finding you a conveyancing solicitor in North Finchley on the Santander panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in North Finchley. In utilising search facility on this page, you can compare charges for conveyancing solicitors in North Finchley and beyond.
We are a couple of weeks into a freehold purchase having been referred to conveyancers by the local agent to carry out the conveyancing in North Finchley. We are not happy. Could you you assist me in finding new conveyancers?
A solicitor would need to be really poor in order to consider replacing them. Has your mortgage offer been generated? If so you must inform them of the new contact details and have the offer are re-sent. Your new solicitor ideally should be on the lenders approved list to avoid escalating expenses and complications. That should be your first question of the new conveyancers. Our search tool can help you find a lender approved solicitor for your conveyancing in North Finchley
My husband and I are hoping to buy a four bedroom ground floor flatin North Finchley with a home loan from a lender. We would like to retain our lawyer in North Finchley but our bank says she’s not listed on their "panel". We have to appoint from the our mortgage company panel firms or keep our North Finchley conveyancer and pay for one of their panel ones to represent our lender. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The bank mortgage issued is subject to conditions, one of which will be that lawyers will on the lender's conveyancing panel. in the past, most lenders had open panels, including most conveyancing solicitors in North Finchley : a mortgagee could choose 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for your mortgage company.