It has come to my attention via my IFA that my North Finchley property lawyer is not on the mortgage company Conveyancing panel. How can I be sure whether this is correct?
The best course of action for you to take is to contact your North Finchley lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they may be able to suggest a North Finchley conveyancing firm that is on the conveyancing panel for your mortgage company.
The North Finchley conveyancing firm handling our North Finchley conveyancing has spotted a difference between the surveyor’s assumptions in the home valuation report and what is revealed within the conveyancing documents. My solicitor says that he needs to ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial estate in North Finchley?
Many commercial conveyancing solicitors in North Finchley will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in North Finchley. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in North Finchley.
For each commercial conveyancing transaction in North Finchley it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to North Finchley commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in North Finchley.
I decided to have a survey done on a property in North Finchley in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks tend not issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in North Finchley. Conveyancing will be smoother if you use a solicitor in North Finchley especially if they regularly deal with such properties in North Finchley.
Estate agents have just been given the go-ahead to market my basement apartment in North Finchley.Conveyancing lawyers have not yet been instructed however I have just had a yearly service charge invoice – what should I do?
The sensible thing to do is pay the maintenance contribution as you normally would as all ground rent and service payments should be allottedon completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process