IfI was to buy a freehold homein Chipping Barnet for cash and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Chipping Barnet?
Any savings you would gain would be isolated to the Chipping Barnet conveyancing searches. A property lawyer is required to do the vast majority of work - money laundering, liaising with the vendors lawyer, stamp duty return, register the title etc. A marginal saving might be made by not needing to register a charge but it won't be a lot.
Should conveyancers ask for money up-front when it comes to conveyancing in Chipping Barnet?
If you are buying a property in Chipping Barnet your lawyer will request that you put them with monies to cover the search fees. Generally this is requested to cover the fees of the Local Authority Search. When the down payment is payable against the sale price then this will be required shortly ahead of contracts are exchanged. The final balance that is due should be sent to your lawyer shortly before completion.
I am considering applying for a TSB mortgage for purchase of a new build (under development) in Chipping Barnet with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
There is nothing to stop you using your solicitor, but TSB will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Are there restrictive covenants that are commonly identified during conveyancing in Chipping 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 Chipping 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…’
Due to the input of my in-laws I had a survey completed on a house in Chipping Barnet in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will not grant a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chipping Barnet. Conveyancing will be smoother if you use a solicitor in Chipping Barnet especially if they regularly deal with such properties in Chipping Barnet.
My uncle has encouraged me to appoint his conveyancing solicitors in Chipping Barnet. Should I use them?
Much as we are happy to recommend a Chipping Barnet conveyancing lawyer the ideal way to find a conveyancing practitioner is to have referrals from friends or family who have used the solicitor you're considering.