I have given 2 months notice to my existing landlord and must vacate my let out property in Barnet by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not provide notice for your lease unless exchange of contracts has taken place. Assuming that you have not already done so, speak to your lawyer and request that they apply pressure on the sellers lawyers, try to get a realistic time scale from them that everyone will work towards
Can you explain why leasehold purchase conveyancing in Barnet costs more?
The conveyancing fees for a leasehold property in Barnet is inevitably greater when contrasted to a freehold property. This is due to the extra work required in dealing with the freeholder and managing agents to collate the information concerning whether the rent and maintenance fee have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
three months have elapsed following my purchase conveyancing in Barnet completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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'm purchasing a new build house in Barnet with a loan from Platform Home Loans Ltd. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not disclose to my solicitor about the extras as it could impact my mortgage with Platform Home Loans Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey completed on a property in Barnet in advance of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks will refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Barnet. Conveyancing will be smoother if you use a solicitor in Barnet especially if they are acquainted with such properties in Barnet.
What tools are available to locate a Barnet solicitor on the Halifax conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the lawyer.
You can use the facility on this website. Please pick a bank and your location and you will see a number of Barnet conveyancing lawyers located nearest you. We have listed some Barnet conveyancing firms towards the end of this page and you can call them to see if they are on the Halifax approved list