We are planning to acquire a house and require a conveyancing solicitor in Southgate who is on the Aldermore solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Southgate.
I am considering applying for a Yorkshire BS mortgage for purchase of a new build (under development) in Southgate with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Yorkshire BS ?
There is nothing to stop you using your solicitor, but Yorkshire BS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Will our conveyancer be asking questions about flooding during the conveyancing in Southgate.
Flooding is a growing risk for solicitors specialising in conveyancing in Southgate. Some people will purchase a house in Southgate, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a number of searches that may be carried out by the purchaser or by their lawyers which can figure out the risks in Southgate. The conventional set of property information forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the vendor to discover if the premises has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the owner, then a buyer may bring a claim for damages stemming from an incorrect reply. The buyer’s solicitors may also conduct an enviro search. This should reveal whether there is a recorded flood risk. If so, additional investigations should be made.
I purchased a 4 bedroom Edwardian house in Southgate. Conveyancing lawyer acted for me and The Royal Bank of Scotland. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You should read 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 Southgate and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing solicitor who carried out the work.
I am looking for a flat up to £245,000 and found one close by in Southgate I like with amenity areas and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Southgate for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.