I happen to be the single beneficiary of my late grandmother’s estate with all property in now in my sole name, including the house in Colindale. The Colindale property was put into my name in June. I plan to dispose of the house. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership may be considered the same way as though I had purchased the house in June. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. How practical a view mortgage companies take of it, depend on the bank as this clause primarily exists to capture subsales or the wholesaling and assigning of property.
We were going to get a DIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Colindale solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Colindale solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
Leeds Building Society have agreed my home loan in principle, my bid on a property in Colindale has been agreed to, what are the next steps?
Your property agent will want to be informed of your conveyancing practitioner's details (ensure that the property lawyers are on the bank’s panel). Contact Leeds Building Society or the broker and finish off any relevant paperwork. Leeds Building Society will sellect a valuer who will get in contact with the selling agent or owners to schedule a time for the valuation to occur. Once conducted (assuming no problems) it takes approximately ten days to receive the mortgage offer. Leeds Building Society will issue 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 Colindale.
The deeds to my home are lost. The solicitors who dealt with the conveyancing in Colindale 10 years ago no longer exist. What do I do?
These day there are duplicates made of almost everything, and your solicitor should know precisely where to find all the suitable paperwork so you can purchase or sell your house without a hitch. If copies are not available, your conveyancer can put in place insurance or indemnities against future claims on your property.
I am buying a new build apartment in Colindale. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Colindale
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Due to the input of my in-laws I had a survey completed on a property in Colindale ahead of instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend not give a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to 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 assist as they are used to dealing with flying freeholds in Colindale. Conveyancing will be smoother if you use a solicitor in Colindale especially if they are familiar with such properties in Colindale.
I am using a search engine for the phrase conveyancing in Colindale it brings up many solicitorsin the vicinity. How do I determine which is the right conveyancing solicitor for my move?
The ideal method of seeking a suitable conveyancer is through a trusted testimonial, so enquire of friends and those you trust who have bought a property in Colindale or a reputable estate agent or mortgage broker. Charges for conveyancing in Colindale differ, so it's sensible to request a minimum of three fee calculations from varying types of law firms. Be sure to seek confirmation that the charges are assured not to escalate.
I have noted on numerous consumer advice websites that when selecting a conveyancing firm they must be approved by your mortgage company. I am novice purchaser but I have an offer in principle from HSBC and I already have a family conveyancing solicitor in Colindale lined up. Will Virgin Money insist on an approved solicitor to be used? Does a directory of panel solicitors even exist for my conveyancing in Colindale?
You need to use a solicitor that is on the Virgin Money panel. The simplest thing to do is telephone your chosen Colindale conveyancing solicitor and ask if they are on the Virgin Money panel. If they are not approved you have a number of options available to you here:
- Proceed with your preferred Colindale solicitor but Virgin Money will need to instruct a conveyancing practitioner on their conveyancing panel. The net impact is additional cost and potential interruption.
- Choose a new solicitor to conduct the conveyancing, obviously checking they are on the Virgin Money conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to get accepted on the Virgin Money panel of solicitors.