I do hope you can help me. My Colney Hatch conveyancer is advising me that she is duty bound toconduct Colney Hatch conveyancing searches due to the fact thatthe firm are on the Lloydsapproved lawyer panel. Is my lawyer correct?
You have limited options available to you. As you are taking a mortgage with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the CML Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Colney Hatch conveyancing searches.
Do conveyancers request an advanced payment for my conveyancing in Colney Hatch?
Where you are retaining lawyers for conveyancing in Colney Hatch your solicitor will ask you put them with funds to cover the search fees. Generally this is asked for to cover the fees of the conveyancing searches. If any down payment is as part of the total price then this will be required shortly before contracts are exchanged. The closing balance that is due should be transferred a few days prior to the day of completion.
Have completed on a a detached house in Colney Hatch , What is the estimated time for the Land Registry to record my proprietorship? My Colney Hatch conveyancing solicitor has been very slow, so I want to be certain that my purchase is registered.
As far as conveyancing in Colney Hatch registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can adjust depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any third parties. Currently in the region of three quarters of submission are fully addressed within 12 days but some can be subject to longer delays. Registration occurs after the purchaser has moved in to the premises so 'speed' is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
I am looking for a flat up to £195,000 and found one near me in Colney Hatch I like with a park and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Colney Hatch in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
My husband and I are new on the property ladder - had an offer accepted, yet the property agent advised that the owners will only go ahead if we instruct their recommended conveyancers as they need a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Colney Hatch
We suspect that the owner is unaware of this demand. Should the vendor desire ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Try to communicate with the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you will continue to use your own,trusted Colney Hatch conveyancing lawyers - not the ones that will provide their estate agent a commission or hit his conveyancing thresholds pre-set by senior management.
My wife and I have an offer in principle from Accord Mortgages Ltd who indicated we could borrow up to £117k. At what point do I need to appoint a lawyer for conveyancing? Colney Hatch is where we are purchasing.
It would be wise to appoint a lawyer now so that the conveyancer can open the file so they can do the AML checks etc. Once you wish them to start work you will be asked for a payment on account normally approximately £200. That would normally be once you have the mortgage offer and survey results, however should you wish to expedite matters you can get going sooner albeit risking some money.