My husband and I intend to purchase a newbuild apartment in Crouch End with a homeloan from Barnsley Building Society.We would like to retain our Crouch End conveyancing lawyer but Barnsley Building Society advised that he's not on their approved list of firms. It seems we have little choice but to instruct a Barnsley Building Society panel solicitor or keep our preferred solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Barnsley Building Society use our lawyer?
No, not really. The loan issued to you is subject to its terms and conditions, one of which will be that solicitors needs to be on the Barnsley Building Society approved list. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Barnsley Building Society
Are there restrictive covenants that are commonly identified as part of conveyancing in Crouch End?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Crouch End. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £235,500 and found one near me in Crouch End I like with open areas and station nearby, the downside is that it's only got 52 years on the lease. There is not much else in Crouch End for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Is it possible to transfer to a new firm as I need to retain a firm on the Barnsley Building Society conveyancing list. I was using a high street conveyancing solicitor in Crouch End round the corner but she is not approved by Barnsley Building Society
It would be our pleasure to help you select a conveyancing solicitor in Crouch End on the Barnsley Building Society panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Crouch End. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Crouch End.
My husband and I are four weeks into a freehold purchase having been directed to conveyancers by the local agent to perform conveyancing in Crouch End. I am am extremely disappointed with the level of service. Can you you assist me in finding new solicitors?
A solicitor would need to be very bad in order to consider diss instructing them. Has your mortgage offer been sent? If so you will need to advise them of the new contact details and get the loan are re-issued. Your new conveyancer should be on the mortgage company approved list to avoid escalating fees and complications. So that should be your starting point. Our find a solicitor tool can help you find a bank approved conveyancer for your home move in Crouch End
When it comes to my conveyancing in Crouch End should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Crouch End conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.