I am obtaining a mortgage with Lloyds. I would like to employ the services of a Licensed Conveyancer in East Barnet. Does the Lloyds Conveyancing panel include Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in East Barnet?
Two types of professional can do conveyancing in East Barnet namely licenced conveyancers or solicitors. The two can administer the legal services that required to complete the disposal or purchase of property. Both are duty bound to handle East Barnet conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be properly administered and that all requisite steps will be correctly attended to.
I have a mortgage with Aldermore for my property in East Barnet. Conveyancing was finalised months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
You must advise Aldermore before renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Aldermore directly. You need not do this via a Aldermore conveyancing panel firm.
My offer was accepted on an apartment in East Barnet on 6/6/2024, valuation was booked 3 days later, received a clean bill of health. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Barclays and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Barclays conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do I need to take out insurance to address the risk of chancel repairs when acquiring a property in East Barnet?
Unless a previous acquisition of the house completed after 12 October 2013 you could take it that solicitors conducting conveyancing in East Barnet to remain recommending a chancel search and or insurance against a claim.
I'm buying my first flat in East Barnet benefiting from help to buy. The builders would not move on the price so I negotiated 6k of extras instead. The estate agent advised me not reveal to my lawyer about the deal as it will adversely affect my mortgage with Nottingham Building Society. Do I keep my lawyer in the dark?.
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.
I am a sole trader planning to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering no-sale-no fees for commercial conveyancing in East Barnet for less than £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in East Barnet, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. Regarding the costs this will depend on the structure and terms of the deal. Please provide us with your details or call us so that we may furnish you with a fixed commercial conveyancing calculation.
Back In 2006, I bought a leasehold house in East Barnet. Conveyancing and Coventry Building Society mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in East Barnet who previously acted has long since retired. Any advice?
The first thing you should do is contact HMLR to be sure that this person is in fact the new freeholder. There is no need to incur the fees of a East Barnet conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
After months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in East Barnet. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to arrive at the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a East Barnet property is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case affected 2 flats. The unexpired residue of the current lease was 70.31 years.