I have given 8 weeks notice to my existing landlord and have to be out of my rented property in Potters Bar by 21/6/2019. Conveyancing for my house purchase has just started. Is it possible to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not give notice for your lease unless exchange of contracts has taken place. If you have not previously done so, notify to your lawyer and request that they chase the owners side, try to a target completion date that everyone will aim to achieve
Are the Potters Bar conveyancing solicitors identified as being on the Barclays conveyancing panel, together with their details provided by Barclays?
Potters Bar conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
Do the Building Society Association intend to launch a online directory to list law firms on the Loughborough BS conveyancing panel for example in Potters Bar?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
How does conveyancing in Potters Bar differ for newly converted properties?
Most buyers of new build residence in Potters Bar come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because builders in Potters Bar typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Potters Bar or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Potters Bar is where the house is located. Can you shed any light on this issue?
Flying freeholds in Potters Bar are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Potters Bar you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Potters Bar may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.