It has come to my attention via my lender that my Barnsbury solicitor is not on the mortgage company Solicitor panel. What can I do to be certain if this is indeed the case?
You need to contact your Barnsbury conveyancer. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they may recommend you to a Barnsbury conveyancing firm that is on the approved list of lawyers for your bank.
We're in Barnsbury, First time buyers purchasing with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Me and my partner are purchasing a house in Barnsbury. It might be a silly question but how we can trust a conveyancer? On completion day we have to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have decided to exercise my right to buy my property in Barnsbury off the council. I have a mortgage offer with Santander. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
HSBC have agreed my home loan in principle, my offer on a property in Barnsbury has been agreed to, what are the next steps?
The property agent will need to be informed of your solicitor's details (ensure that the conveyancing practitioners are on the bank’s panel). Contact HSBC or your broker and finalise any appropriate forms. HSBC will sellect a valuer who will get in contact with the selling agent or vendor to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately a week to get a mortgage offer. HSBC will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Barnsbury.
My relative advised me that where I am buying in Barnsbury I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Barnsbury conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Barnsbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Barnsbury Education with plans and statistics, Local Amenities and other useful data about Barnsbury.
How does conveyancing in Barnsbury differ for new build properties?
Most buyers of new build premises in Barnsbury come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Barnsbury usually purchase 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 Barnsbury or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Barnsbury prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend not issue a mortgage on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Barnsbury. Conveyancing will be smoother if you use a solicitor in Barnsbury especially if they regularly deal with such properties in Barnsbury.