In what way does my ID and proof of funds have anything to do with my conveyancing in Chipping Barnet? Is this really necessary?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you are required to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to supply ID verification documents, your solicitor would not be able to act for you.

There is lots of information on this site concerning conveyancing in Chipping Barnet but what is your top tip for finding the right conveyancer in Chipping Barnet

We would encourage you not to base your choice on the cheapest Chipping Barnet conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Chipping Barnet bank branch on various occasions and was told it does not impact the mortgage offer and they would lend. My Chipping Barnet conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend based on their specific requirements. I have no idea who is right.

Provided that the property lawyer is on the mortgage company panel, she or he must adhere to the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

About to purchase flat in Chipping Barnet. 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 Co-operative 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 Chipping Barnet conveyancing practitioner is on the Co-operative conveyancing panel.

I used Action Conveyancing a few years ago for my conveyancing in Chipping Barnet. Now, I need my documents however the law firm is no longer operating. What do I do?

You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Chipping Barnet of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

Hoping to buy a property located in Chipping Barnet and I am already nervous. I couldn't find anything specific about Chipping Barnet. Conveyancing will be needed in due course but do you know about the Chipping Barnet area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Chipping Barnet. In the meantime here are some basic statistics that we found

I own a leasehold flat in Chipping Barnet. Conveyancing was completed in 2011. I have heard that I should not allow the lease length get too short. Is this correct?

Chipping Barnet leasehold properties are for a prescribed period - usually just under one hundred years when they started. However a significant flats in Chipping Barnet were constructed or converted 35 or more years ago and so these leases now have less than 80 years remaining. That may seem like a long time but Banks, Building Societies and other mortgage institutions tend to require leases to have a minimum of seventy five years remaining to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching seventy five years. To enhance your property value you should be considering whether to extend your lease well in advance of selling the property. You should note that there are significant benefits to taking action before the lease hits eighty years as when the lease falls below 80 years the amount you have to pay to extend starts to increase.