My husband and I are hoping to purchase a 2 bedroom apartment in North London with a mortgage. We have a North London lawyer, however the lender advise she’s not on their "panel". It appears that we have no option but to use one of the lender panel firms or keep our North London conveyancing practitioner and pay for one of their panel firms to act for them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower 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. Another option that might be available is for your North London conveyancing solicitor to apply to be on the conveyancing panel.
We are downsizing from our house in North London and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street North London conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a factory type conveyancing outfit as opposed to a conveyancing solicitor in North London. We have lived in North London for 5 years we know that this is a non issue. Do we get in touch with our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have justdiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in North London for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of North London conveyancing specialists.
I decided to have a survey done on a property in North London prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies will refuse to issue a mortgage on such a home.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in North London. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to find a conveyancing solicitor for my conveyancing in North London. I've discover a site which looks to be the ideal solution If it is possible to get all formalities done via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?