My fiance and I are intent on acquiring property in Barnet. My lawyer is not on the bank conveyancing panel. Is it possible for me to retain my Barnet conveyancing solicitor even though they are excluded from the mortgage company panel of approved conveyancing solicitors?
Your options include
- Complete the purchase with your existing Barnet conveyancer but your lender will need to appoint a lawyer from their conveyancing panel. The net result is additional fees together with potential frustration.
- Appoint a new lawyer to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your property lawyer to do everything possible to join the bank’s conveyancing panel
Do the conveyancing practitioners listed on your site carry out right to buy conveyancing in Barnet?
We do have plenty of conveyancing practitioners who can conduct right to buy conveyancing Do call us in order to obtain a conveyancing quote.
Can your site be used to recommend a Conveyancing solicitor in Barnet even if I’m not purchasing or disposing of a house, for example where I wish to buy a shop in Barnet with a loan from Leeds Building Society?
Our comparison service is predominantly used to select residential conveyancing solicitors in Barnet but we have set out at the end of this page a selection of Barnet commercial conveyancing firms. You will need to make contact with the company directly to establish if they can also act for Leeds Building Society
Should my lawyer be raising enquiries concerning flooding during the conveyancing in Barnet.
Flooding is a growing risk for lawyers conducting conveyancing in Barnet. There are those who buy a property in Barnet, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, but there are a numerous searches that can be carried out by the purchaser or by their solicitors which can give them a better understanding of the risks in Barnet. The standard completed inquiry forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to determine if the property has historically flooded. In the event that the premises has been flooded in past which is not notified by the owner, then a purchaser may commence a legal claim for losses resulting from an inaccurate reply. The buyer’s lawyers should also commission an environmental search. This should higlight if there is any known flood risk. If so, more detailed investigations should be initiated.
Are there restrictive covenants that are commonly identified as part of conveyancing in Barnet?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Barnet. 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…’
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Barnet is where the house is located. Can you shed any light on this issue?
Flying freeholds in Barnet are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Barnet you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Barnet may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.