I sincerely hope you can assist me. My North London lawyer is assuring me that he is legally obliged toapply for North London conveyancing searches becausethe firm are on the Nat Westapproved lawyer panel. These North London searches cost a lot of money can this be avoided?
You have limited options available to you. As you are taking a home loan with a lender your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out North London conveyancing searches.
Me and my partner are purchasing a apartment in North London. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to deposit our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the sole recipient of my late mum's will and I have everything in my name now, including the house in North London. The North London property was put into my name in August. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship will be treated the same way as if I'd bought the property in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. Most lenders would take a sensible view as this obligation chiefly exists to pick up on the purchase and immediately sell or the quick reselling of properties.
About to purchase 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 Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB 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 property lawyer is on the TSB conveyancing panel.
Me and my brother purchased a renovated Edwardian property in North London. Conveyancing lawyer represented me and Leeds Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the matching property. Is it worth asking Leeds Building Society to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in North London and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing lawyer who conducted the conveyancing.
Taking into account that I will soon spend over three hundred thousand on a two bedroom apartment in North London I would like to have a conversation with the conveyancer regarding thehouse move before instructing the firm. Is this something that you can arrange?
We could not agree more - we would be happy to talk to you we do not take any clients on without you speaking to the lawyer due to be carrying out your property ownership legalities in North London.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in North London should be the figure that you are charged.
We are in the process of selling our flat in North London. Conveyancing solicitors are doing their job but we have been asked to pay a fortune by the managing agents. To date we have paid £225 for a leasehold management information and then another £134.40 for additional queries raised by the buyers property lawyer.
Your lawyer will unlikely have any sway over the level of the fee for this information but the typical costs for the information for North London leasehold premises is £355. For North London conveyancing sales it is usual for the seller to cover the costs. The landlord or their agents are not duty bound to address such questions most will be content to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no legislation that requires fixed charges for administrative tasks. Nor is there any set time frame by which they are required to supply the information.