Is the fact that my conveyancer in New Southgate is not on my lender's solicitor panel that there is a problem with the standard of the firm’s work?
That is more than likely a wrong assumption to make. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the New Southgate conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
Would the conveyancing solicitors identified via your search tool conduct conveyancing in New Southgate by way of an attended exchange?
We do have a number of conveyancing specialists carrying out 24hr exchanges. Do call us to get a fee calculation and details as to dates.
I'm the only recipient of my late mum's will with all property in now in my sole name, including the my former home in New Southgate. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I do know about the CML six month 'rule', meaning my property ownership will be treated the same way as if I'd bought the house in October. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ 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 could be affected by that. How practical a view lenders take of it, depend on the lender as this requirement is chiefly there to capture the purchase and immediately sell or the flipping of property.
I am currently in the process of buying my council flat in New Southgate. I have a mortgage offer with Co-operative. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
Planning on purchasing a apartment in New Southgate. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton 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 New Southgate property lawyer is on the Skipton conveyancing panel.
I have been on the look out for a flat up to £235,500 and found one close by in New Southgate I like with amenity areas and transport links nearby, however it only has 52 years on the lease. I can't really find anything else in New Southgate suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I need to instruct a conveyancing solicitor for freehold conveyancing in New Southgate. I happened to discover a web site which appears to be the perfect answer If there is a chance to get all this stuff done via email that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?