Completed the sale of my flat in Barnet last October but our buyer keeps Skype messaging me to say their solicitor is waiting to hear from mine. What should have happened following completion?
Post completion of your house sale your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your solicitor must also send confirmation that the home loan has been paid off to the purchasers lawyers. There are no post completion formalities peculiar conveyancing in Barnet.
We had appointed conveyancers based in Barnet on the Virgin Money solicitor panel. They are now charging me an additional sum for dealing with the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your solicitor is entitled to levy a fee for this. The fee is not dictated by Virgin Money but by your Barnet conveyancing practitioner. Plenty of firms on the Virgin Money panel will levy an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
I have a mortgage with RBS for my property in Barnet. Conveyancing was finalised 12 months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS?
Your original mortgage agreement with RBS will provide that you need their approval in advance of letting out your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. It should not be necessary to do this via a RBS conveyancing panel lawyer.
I had an offer accepted on an apartment in Barnet on 6/11/2024, valuation was booked 4 days after, all came back fine. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will my lawyer be raising enquiries about flooding as part of the conveyancing in Barnet.
Flooding is a growing risk for lawyers dealing with homes in Barnet. There are those who acquire a house in Barnet, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, however there are a various checks that can be carried out by the buyer or on a buyer’s behalf which can figure out the risks in Barnet. The conventional set of completed inquiry forms supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the vendor to determine whether the premises has suffered from flooding. In the event that the property has been flooded in past and is not disclosed by the vendor, then a buyer could commence a claim for damages resulting from an misleading reply. The purchaser’s conveyancers may also conduct an enviro search. This will indicate whether there is any known flood risk. If so, further inquiries should be carried out.
Just bought a semi-detached house in Barnet , how long will it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Barnet conveyancing solicitor has been very slow, so I want to be certain the registration is addressed.
There is nothing unique when it comes to conveyancing in Barnet registration formalities. Rather than based on location, timescales can vary depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any 3rd persons or bodies. As of today roughly 80% of submission are fully dealt with within 12 days but occasionally there can be longer delays. Registration occurs after the new owner has moved in to the property therefore 'speed' is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
In my capacity as executor for the estate of my grandmother I am selling a house in Newport but reside in Barnet. My lawyer (who is 235 kilometers from merequires that I sign a statutory declaration ahead of completion. Could you suggest a conveyancing solicitor in Barnet who can witness this legal document for me?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are located in Barnet