Just contacted my conveyancing solicitor in Finchley who completed the legal work 18 months ago requesting a conveyancing quote based on the same type of home move (a leasehold residence and a freehold premises) of almost identical values with a loan from Santander. It looks as though am now being quoted double. Should I hunt for a cheaper internet firm of conveyancing solicitor?
The charges seem a bit high. If you are content to expend time comparing prices you may be able to get the conveyancing a bit cheaper by say £125. That being said, providing that you were content with the legal work the firm offered you mightlive to rue opting for an a cheaper lawyer. Remember to ensure the firm can also act for Santander. You can make use of our search tool to find a Finchley conveyancing firm on the Santander conveyancing panel, which can often include conveyancing solicitors in Finchley.
My partner and I are approaching an exchange on a house in Finchley and my mum and dad have sent the exchange deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The property lawyer is duty bound to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Can I use your services to recommend a Conveyancing solicitor in Finchley even if I’m not purchasing or selling a house, for instance if I wish to acquire a shop in Finchley with a mortgage from Skipton Building Society?
Our comparison service is primarily there to get a quote from domestic conveyancing solicitors in Finchley but we have recorded towards the bottom of this page a selection of Finchley commercial conveyancing firms. You will need to speak with the company directly to check if they can also act for Skipton Building Society
My relative suggested that where I am purchasing in Finchley I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Finchley conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Finchley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Finchley.
I am looking for a flat up to £305k and identified one near me in Finchley I like with a park and railway links nearby, however it's only got 51 years on the lease. I can't really find anything else in Finchley in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
Is there a reason that Finchley conveyancing fees are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Finchley will often involve additional due diligence such as investigating the lease, liaising with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.