Me and my partner are purchasing a flat in Colindale. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to put money into their account. What is the protection we have from them run away with our monies?
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.
Can you point me to a directory of RBS panel solicitors in Colindale on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings viewable over the internet. If you are seeking to appoint a Colindale conveyancing practitioner on the RBS please use our facility.
I am selling my flat. I had a double glazing fitted in July 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nationwide are being a right pain. The Colindale solicitor who is on the Nationwide conveyancing panel is recommending indemnity insurance as a solution but Nationwide are requiring a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Will our lawyer be asking questions about flooding as part of the conveyancing in Colindale.
Flooding is a growing risk for conveyancers dealing with homes in Colindale. There are those who buy a property in Colindale, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a various checks that can be initiated by the buyer or by their lawyers which can give them a better appreciation of the risks in Colindale. The standard property information forms given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the seller to find out if the property has suffered from flooding. If the residence has been flooded in past and is not revealed by the vendor, then a purchaser could bring a legal claim for losses stemming from an inaccurate reply. The purchaser’s lawyers should also commission an enviro report. This should reveal whether there is any known flood risk. If so, more detailed inquiries will need to be carried out.
I have been on the look out for a flat up to £305k and found one near me in Colindale I like with open areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Colindale for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I am using a search engine for the phrase cheap conveyancing in Colindale it brings up numerous conveyancersin the area. With so much choice what is the best way to find the suitable conveyancer for my move?
The ideal way of seeking the right conveyancer is via personal testimonial, so seek the opinion of friends and those you trust who have purchased a property in Colindale or a respected estate agent or mortgage broker. Costs for conveyancing in Colindale vary, so it's a good idea to request a minimum of four fee calculations from different property lawyers. Be sure to obtain confirmation that the fees are fixed.
I am in need of some leasehold conveyancing in Colindale. Before diving in I require certainty as to the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Colindale - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a ground-floor 1950’s flat in Colindale. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
Absolutely. We can put you in touch with a Colindale conveyancing firm who can help.
An example of a Lease Extension case for a Colindale premises is 27B Hillside in February 2010. the resulting premium, all other aspects of the valuation having been agreed between the parties was set at £8,250 This case was in relation to 1 flat. The unexpired lease term was 70.25 years.
I am looking to buy a repossessed house in Colindale and the vendor require completion within a week. Can a lawyer meet that timeframe? Would it be better to select a high street Colindale firm or an online company that professes to offer speedy conveyancing?
Attend your Colindale high street. Pop in to 3 companies and request to talk to a conveyancing solicitor for an estimate. Discuss your situation and seek a commitment on speed. Select the firm that comes across as most efficient. Be sure to select a conveyancing practitioner on the list of solicitors approved by your bank.