The loan offer from Nationwide for the refinancing of my 3 room garden flat is coming by the end of next week. Can you recommend a low cost conveyancing practitioner in East Barnet?
You have arrived at the wrong place to search for the lowest fares for conveyancing solicitors in East Barnet. Our goal is to offer value for money conveyancing but our intention is not to advertise as being the cheapest. Do not be seduced by companies teasing you with low cost conveyancing in East Barnet. Optimistically, in going for cheap conveyancing, you will receive what you pay for and at worst it will result in you being stung for additional fees and still not get the service expected.
I happen to be the only recipient of my late grandmother’s will and I have everything in my name now, including the my former home in East Barnet. The East Barnet property was put into my name in August. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship may be considered the same way as though I had purchased the house in August. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. How practical a view mortgage companies take of it, depend on the lender as this obligation is principally there to identify subsales or the wholesaling and assigning of properties.
When it comes to mortgage companies such as TSB, do East Barnet conveyancing practitioners face a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We expect to receive a DIP from RBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any East Barnet solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint East Barnet solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I used Stirling Law a few years past for my conveyancing in East Barnet. Now, I need the files however the law firm is no longer operating. What do I do?
You should contact 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 East Barnet of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a leasehold apartment up to £235,500 and identified one close by in East Barnet I like with open areas and station nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in East Barnet for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 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 consult your conveyancing lawyer concerning this matter.
Given that I am about to spend hundreds of thousands of pounds on a terraced house in East Barnet I wish to have a conversation with the conveyancer regarding thehouse move in advance of instructing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be doing your property ownership legalities in East Barnet.There is no ‘factory style conveyancing’ - each client is an important person, not a case reference. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in East Barnet should be the amount on the final invoice that you end up paying.
Having had my offer accepted I require leasehold conveyancing in East Barnet. Before I get started I would like to find out the remaining lease term.
Assuming the lease is recorded at the land registry - and 99.9% are in East Barnet - 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 first floor flat in East Barnet. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
Most definitely. We are happy to put you in touch with a East Barnet conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a East Barnet premises is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case related to 2 flats. The remaining number of years on the lease was 70.31 years.