Me and my husband are purchasing a flat in Colney Hatch. My lawyer is not listed on the lender conveyancing panel. Can I still appoint my Colney Hatch conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel?
You will need to use a property lawyer to deal with the legal work required when you require a loan to buy your home. They will conduct all the relevant due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage documentation is dealt with. You may instruct a Colney Hatch solicitor of your choice. Nevertheless, where the property lawyer appointed is not on the mortgage company solicitor panel supplemental fees will be incurred as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so provided your conveyancer has not in the past applied for membership they can do so.
Can your site be used to locate a Conveyancing solicitor in Colney Hatch even where I’m not buying or selling a house, for instance where I intend to acquire a shop in Colney Hatch with a loan from Nottingham Building Society?
Our search tool is mainly there to find residential conveyancing solicitors in Colney Hatch but we have listed at the end of this page some Colney Hatch commercial conveyancing firms. You will need to make contact with the solicitors directly to see if they are also authorised to represent Nottingham Building Society
Are there restrictive covenants that are commonly picked up as part of conveyancing in Colney Hatch?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Colney Hatch. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Colney Hatch differ for newly converted properties?
Most buyers of new build premises in Colney Hatch approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Colney Hatch typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Colney Hatch or who has acted in the same development.
New build sellers have put forward a conveyancing practitioner and I've sought an estimate from them. They are almost £300 less expensive than my own Colney Hatch conveyancer. What's the catch?
Builders often have lists of lawyers who expedite matters and who know the developer’s documentation and conveyancer. As many developers offer an inducement to select their approved solicitor for this reason, any increased cost can be avoided and a developer won't suggest a conveyancing factory and run the risk of having the conveyancing stall when they want exchange within a tight deadline. The argument for not agreeing to use the suggested property lawyer is that they may be reluctant to 'push' your interests at the risk of upsetting the sellers. Where you have concerns that this may be the situation you should stick with your local Colney Hatch solicitor.