Me and my fiance are buying a ground floor flat in Colney Hatch. My property lawyer has never been on on the mortgage company conveyancing panel. Can I still use my Colney Hatch conveyancing solicitor even though they are excluded from the lender list of approved lawyers?
Various options include
- Complete the purchase with your chosen Colney Hatch solicitor but your bank will need to use a conveyancing practitioner from their approved panel. The net result is additional charges together with potential interruption.
- Appoint a fresh property lawyer to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Convince your lawyer to attempt to join the lender panel
All was ready to move into my new home in Colney Hatch next Monday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What risks does the lender expect the insurance to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These obligations are not limited to conveyancing in Colney Hatch.
Why is leasehold purchase conveyancing in Colney Hatch costs more?
Colney Hatch leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We are purchasing a detached bungalow in Colney Hatch. We would like to carry out a loft conversion at the house.Will legal due diligence on the property involve enquiries to see if these works were previously refused?
Your property lawyer will review the registered title as conveyancing in Colney Hatch can on occasion identify restrictions in the title deeds which prevent certain changes or require the consent of another owner. Certain extensions require local authority planning consent and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor before you commit yourself to a purchase.
Does a directory service exist listing RBS panel conveyancers in Colney Hatch on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings available online. Where you are looking for a Colney Hatch property lawyer on the RBS please make the most of our tool.
We previously chose conveyancers located in Colney Hatch on the Coventry BS solicitor approved list. They are now charging me a supplemental charge for handling the Coventry BS mortgage. Is this a supplemental conveyancing fee specified by Coventry BS?
Provided it is contained in their Terms of Engagement or Quote then yes your property lawyer may charge a fee for this. This charge is not dictated by Coventry BS but by your Colney Hatch conveyancing practitioner. Some firms on the Coventry BS panel will quote ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
I used Wolstenholmes a few years ago for my conveyancing in Colney Hatch. Now, I need the files however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Colney Hatch of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £150,000 garden flat in Colney Hatch in just under a week. The landlords agents has quoted £372 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Colney Hatch?
Colney Hatch conveyancing on leasehold maisonettes ordinarily results in administration charges levied by managing agents :
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Answering pre-contract questions
Where consent is required before sale in Colney Hatch
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
We have reached the end of our tether in trying to purchase the freehold in Colney Hatch. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to calculate the amount due.
An example of a Lease Extension case for a Colney Hatch property is 90 & 96 Poplar Grove in June 2013. It was held by the Tribunal that the premium to be paid for the new lease in respect of each of the flats referred should be £17,942 This case affected 2 flats. The remaining number of years on the lease was 68 years.