Can you help - my lawyer advises that lack of right of way insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Totteridge?
The appropriate level of lack of right of way indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Chelsea Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
Can I be sure that the Totteridge conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Totteridge obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor carrying out your transaction.
It is not clear whether my mortgage offer requires a lease extension. I have called my Totteridge building society branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Totteridge conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Your property lawyer must comply with the Council of Mortgage Lenders’ Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 remaining.
4 months have gone by following my purchase conveyancing in Totteridge took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Totteridge I like with amenity areas and station in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Totteridge in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
As co-executor for the estate of my father I am disposing of a property in Monmouth but reside in Totteridge. My lawyer (based 300 kilometers from meneeds me to sign a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Totteridge to witness this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are located in Totteridge
Do online conveyancing companies cover everything a local Totteridge solicitor does or do I still need to use a solicitor for the final stages for my conveyancing in Totteridge?
If you instruct an online conveyancer they should undertake all the tasks your Totteridge solicitor would cover.