Recently been in touch with my conveyancing lawyer in Barnet who acted for me 18 months ago asking for a conveyancing estimate based on the same type of home move (a leasehold property and a freehold property) of almost identical values with a mortgage from Godiva Mortgages Ltd. It looks as though am now being charged twice the amount. Am I right to be tempted to shop around for a cheaper internet conveyancer?
The estimate does seem a tad steep. If you you were to look around you might get the conveyancing a bit cheaper by say £125. On the other hand, providing that you were satisfied with the conveyancing the firm gave you mightcome to rue opting for an an unknown solicitor. If is important to check that the firm can represent Godiva Mortgages Ltd. Do use our search tool to select a Barnet conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Barnet.
Due to complete my purchase in Barnet next Friday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These obligations are not specific to conveyancing in Barnet.
I got the keys to my apartment on 11 July and my personal details is yet to be registered. Need I be worried? My conveyancing solicitor in Barnet advises it should be concluded inside ten days. Are titles in Barnet uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Barnet registration formalities. Rather than based on location, timescales can differ depending on who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd persons or bodies. At present approximately 80% of such applications are fully addressed within 12 days but occasionally there can be extensive delays. Historically registration occurs once the buyer is living at the property so an expedited registration is not always primary concern but where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
I am looking for a ground for flat up to £235,500 and identified one close by in Barnet I like with a park and station nearby, however it only has 49 years on the lease. There is not much else in Barnet suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I am a fortnight into a freehold purchase having been referred to conveyancers by the selling agent to perform conveyancing in Barnet. I am am very disappointed with the quality of service. Can you you assist me in finding new solicitors?
A solicitor would have to be very bad in order to consider changing them. Has your loan offer been issued? If so you will need to advise them of the new contact details and get the mortgage documents are re-sent. The solicitor ideally should be on the banks panel to avoid escalating fees and frustration. That should be your first question of the new solicitors. Our search tool will help you find a lender approved lawyer for your conveyancing in Barnet