I selected a Colindale based firm for my conveyancing in Colindale last week. Reviewing the terms of engagement I seewe are liable for fees even if the sale aborts. Would I be best advised to appoint an internet firm promoting no move no charge conveyancing in Colindale?
Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the fee levels will tend to be be uplifted to offset those conveyances that do not proceed. Do bear in mind that such schemes generally do not protect you from expenses such your Colindale conveyancing search costs.
Why is leasehold purchase conveyancing in Colindale is more expensive?
Colindale leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
A friend informed me that in buying a property in Colindale there may be various restrictions prohibiting external changes to the property. Is this right?
There are a number of properties in Colindale which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Colindale should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I purchasing a terrace house in Colindale. We would like to carry out an extension to the side at the house.Will the conveyancing process include checks to determine if these works are allowed?
Your conveyancer should check the deeds as conveyancing in Colindale can on occasion reveal restrictions in the title deeds which prevent certain works or require the permission of a 3rd party. Many additions call for local authority planning permissions and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I have a mortgage with TSB for my property in Colindale. Conveyancing was finalised 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?
You must advise TSB in advance of renting your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel solicitor.
I am buying my first flat in Colindale with the aid of help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not reveal to my conveyancer about this deal as it will adversely affect my mortgage with the bank. 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.
My husband and I are 3 weeks into a residential purchase having been referred to solicitors by the estate agent to carry out the conveyancing in Colindale. I am not happy. Could you you assist me in finding new solicitors?
They would have to be very poor to suggest replacing them. Has your mortgage offer been issued? If so you will need to inform them of the new contact details and have the mortgage documents are re-sent. Your conveyancer should be on the lenders panel to avoid escalating charges and complications. So that should be your first question of the new lawyers. Our search tool can assist you in finding a bank approved conveyancer for your conveyancing in Colindale
I bought a property in Colindale last 13/4/2018 and to date it is still not registered with HMLR. It is part of a development site and my property lawyer told me that it can take one year to complete the registration formalities. I have contacted HMLR directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your property lawyer that you really need to get in touch with in order to satisfy any issues which have arisen as part of the registration process for your Colindale property. Normal Colindale conveyancing practice includes an undertaking on the part of the vendor’s lawyer that they will help resolve any registration raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.