Me and my fiance are acquiring a ground floor flat in Archway. My Conveyancer is not listed on the mortgage company solicitor list. Am I still permitted to continue with my Archway conveyancing solicitor notwithstanding that they are not on the bank list of approved lawyers?
You will need to use a conveyancing practitioner to deal with the formalities if you need a loan to purchase your property. They will carry out all the relevant due diligence on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage documentation is in order. You may instruct a Archway conveyancer of your choosing. However, if the conveyancing practitioner selected is not on the mortgage company approved list supplemental charges will arise as separate legal representation will be need by the mortgage company. Bank panel applications may be submitted, so provided your solicitor has not historically sought membership they should take the opportunity to apply.
I purchased a freehold property in Archway but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Archway and has limited impact for conveyancing in Archway but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My wife and I have a renovated Victorian property in Archway. Conveyancing lawyer acted for me and Britannia. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the matching address. Is it worth asking Britannia to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Archway and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing solicitor who carried out the work.
How does conveyancing in Archway differ for newly converted properties?
Most buyers of new build property in Archway come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Archway usually acquire the land, 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 used to new build conveyancing in Archway or who has acted in the same development.
I'm converting the mortgage on my primary property to a BTL loan with Clydesdale and intend to use the remaining equity towards another property. The neighborhood we are talking about is Archway. Will your lawyers be able to act for the two banks and tie in the two deals?
Make use of our search tool on this page to be sure that the lawyers are on the appropriate lender panels. On the basis that they are your lawyer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and specify your expectations and needs.
I am looking for a conveyancing lawyer in Archway for my house move. Is there any facility to see a solicitor's record with the profession’s regulator?
You can read published Solicitor Regulator Association (SRA) determinations arising from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training requirements.