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Find a North London Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in North London? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your North London home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised North London conveyancers for over 130 lenders.


Recently asked questions about conveyancing in North London

I am in the process of selling my maisonette in North London and the EA has just telephoned to warn that the buyers are appointing a new law firm. I am told that this is due to the fact that the mortgage company will only work with solicitors on their approved list. Why would a big named mortgage company only work with specific solicitors rather the firm that they want to choose for their conveyancing in North London ?

UK lenders have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for decades.

Mortgage companies point to the increase in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are unlikely to have any sway in the decision.

We note that you have a post code search directory identifying law firms on the Clydesdale conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in North London?

We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in North London.

Is it the case that all North London solicitor practices on the RBS conveyancing panel are governed by the Solicitors Regulatory Authority?

As solicitors, in order to be on the RBS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some banks do allow licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.

I have today made my last payment due on my mortgage with Co-operative. I assume I don't need a North London conveyancer on the Co-operative panel to remove the mortgage at the Land Registry. Please confirm.

If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

  1. but are not moving to another property
  2. where Co-operative has sent the Land Registry the discharge electronically, and
  3. Co-operative has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Co-operative mortgage has been paid off.

Planning on purchasing a house in North London. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the North London conveyancing practitioner is on the Bank of Ireland conveyancing panel.

I am using a search engine for the phrase conveyancing in North London it reveals many conveyancersin the vicinity. With so much choice what is the best way to find the right solicitor for purchase transaction?

The preferential method of choosing the right conveyancer is through a trusted testimonial, so ask colleagues and family who have acquired a property in North London or a local estate agent or mortgage broker. Charges for conveyancing in North London differ, so it's sensible to secure at least three quotes from varying types of conveyancers. Dont forget to clarify what costs in the quote includes.

I am tempted by the attractive purchase price for a two flats in North London both have in the region of fifty years left on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold flat in North London is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the value of the premises. The majority of buyers and lenders, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with North London conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I own a basement flat in North London. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?

Most certainly. We can put you in touch with a North London conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a North London property is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case related to 1 flat. The unexpired lease term was 73.26 years.

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