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Find a Enfield Town Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Enfield Town? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Enfield Town conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Enfield Town conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Enfield Town

Is it realistic for conveyancing in Enfield Town to be concluded inside 28 days?

Where the seller is applying pressure for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will have local contacts and know-how. It is possible that they may have conducted otherhomes in the same neighbourhood. You would be best advised to use a Enfield Town conveyancing firm. Second, be sure that the conveyancing firm is on the lender panel. It is said that nearly one in five of Enfield Town conveyancing transactions are delayed or derailed after discovering a buyer’s solicitor was not on their mortgage lender’s member panel. This can often result in the buying process being held up by an average of 21 days. It is understood that this issue impacts approximately one hundred thousand home sales annually. Almost all Enfield Town conveyancing firms can not represent certain banks so do check as early as possible.

Can you explain why leasehold purchase conveyancing in Enfield Town is more expensive?

In summary, leasehold conveyancing in Enfield Town and elsewhere usually warrants additional work compared to freehold conveyancing. This includes checking the lease terms, corresponding with the landlord concerning serving applicable notices, obtaining current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first granted.

We wanted to use a conveyancing solicitor in Enfield Town for our house move. Our financial adviser has since notified us that our mortgage lenders Norwich and Peterborough Building Society won't deal with them. Surely this is unduly restrictive?

A mortgage company can insist on an approved solicitor act for it. You would be liable to bear the cost of this. Please make use of our database to select a solicitor to conduct conveyancing in Enfield Town on the Norwich and Peterborough Building Society approved list of solicitors.

I'm the sole recipient of my late mum's will and I have everything in my name now, including the my former home in Enfield Town. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the CML six month 'rule', which means that my property ownership may be considered the same way as though I had purchased the house in October. Will no one buy the property for half a year?

The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. How practical a view mortgage companies take of it, depend on the bank as this requirement is principally there to pick up on subsales or the wholesaling and assigning of properties.

Are all Enfield Town Conveyancing Quality Solicitors on the Barclays conveyancing list of approved practices?

A selection of lenders now utilise CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.

We were going to get a OIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Enfield Town solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Enfield Town solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.

I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Enfield Town is the location of the property. Can you shed any light on this issue?

Flying freeholds in Enfield Town are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Enfield Town you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Enfield Town may decide 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.

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Find out more about how flying freehold can affect your the value of a property.