My Solicitor in East Finchley is not listed on the Nationwide Building Society Solicitor Panel. Is it possible for me to use my prefered solicitor even though they are not on the Nationwide Building Society list of approved lawyers?
The limited options available to you here include:
- Carry on with your preferred East Finchley solicitors but Nationwide Building Society will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the overall legal charges and cause delays.
- Find a new practitioner to to deal with the conveyancing, not forgetting to check they are on the Nationwide Building Society panel
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in East Finchley?
There are many registered licenced Conveyancers in East Finchley and Solicitor partnerships in East Finchley who provide Conveyancing services We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Can I be sure that the East Finchley conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in East Finchley getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor carrying out your transaction.
We are getting the release of further funds on our mortgage from HSBC as we wish to conduct a loft conversion to our house in East Finchley. Are we obliged to choose a high street East Finchley solicitor on the HSBC conveyancing panel to handle the paperwork?
HSBC would not normally appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC conveyancing panel.
I have a terraced Georgian property in East Finchley. Conveyancing practitioner acted for me and Skipton Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in East Finchley and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing solicitor who conducted the work.
How does conveyancing in East Finchley differ for new build properties?
Most buyers of new build premises in East Finchley approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in East Finchley tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in East Finchley or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. East Finchley is where the house is located. Can you offer any advice?
Flying freeholds in East Finchley are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East Finchley you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Finchley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Am I right to be wary by estate agents that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a local East Finchley conveyancing company?
As is the case with many service providers, often recommendations from relatives can be extremely useful or valuable. Yet there are numerous parties with a vested interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may suggest conveyancers to retain. Sometimes the conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You have the discretion to select your own conveyancer. You need to be aware that many banks have an approved list of conveyancers you must use for the lender aspect of your transaction.