My partner’s dad is a conveyancing practitioner. I expect that I will receive preferential pricing for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in New Southgate?
You should contrast pricing. Make use of our search tool on this site. Whilst amounts seem to vary but the service one can expect are distinct between solicitors as is the case with the vast majority of professional services.
We are about to exchange contracts for a ground floor flat in New Southgate. We have hit a problem. Our loan offer with Bank of Ireland expires on 22/4/2025 but the vendors are suggesting a completion date of 24/4/2025. Can one extend the loan expiry date?
The person best placed to deal with your question is your lawyer who is in a position to determine whether he or she is corresponding with the bank, vendor’s lawyers, selling agents or possibly all parties given what has gone on in your conveyancing as of today.
What does my ID and proof of funds have anything to do with my conveyancing in New Southgate? Why is this being asked of me?
To satisfy the Money Laundering Regulations any New Southgate conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing where you live.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to validate not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to notify the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
What does a local search inform me regarding the property we're buying in New Southgate?
New Southgate conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search is essential in every New Southgate conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. New Southgate is the location of the property. Is there any advice you can impart?
Flying freeholds in New Southgate are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside New Southgate you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Southgate 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 premises.