Me and my fiance are buying a 2 bedroom apartment in Finchley with a mortgage. We wish to retain our Finchley solicitor, but the bank advise he's not on their "panel". It appears that we have little option but to select one of the bank panel conveyancing practices or retain our Finchley conveyancer as well as pay for one of their panel lawyers to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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. A further alternative is for your Finchley conveyancing lawyer to apply to be on the conveyancing panel.
What does my ID and proof of funds have anything to do with my conveyancing in Finchley? Is this really necessary?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Finchley. However these days you can not proceed with any conveyancing transaction if you have not handing over proof of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are supplying your driving licence as evidence of identification it must be both the paper element and photo card part, one is not acceptable in the absence of the other.
Verification of the source of money is mandated under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to retain this information on record. Your Finchley conveyancing practitioner will require evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask further queries regarding the origin of monies.
Just bought a semi-detached house in Finchley , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Finchley conveyancing solicitor has been very slow, so I want to be certain the post completion formalities are dealt with.
There is nothing unique about conveyancing in Finchley registration formalities. Rather than based on location, timescales can adjust according to the party submitting the application, whether there are errors and whether the Land registry communicate with any 3rd parties. Currently in the region of three quarters of submission are fully addressed in less than three weeks but some can be subject to protracted hold-ups. Historically registration occurs once the buyer has moved in to the property thus an expedited registration is not always top priority but if there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
I'm refinancing my current property to a BTL loan with Britannia and I will use the rest of the raised equity as a deposit on further house. The area we are interested in is Finchley. Will your conveyancers be able to act for the two banks and tie in the two deals?
Do use our search tool on this site to be sure that the conveyancers are on the appropriate lender panels. On the basis that they are your conveyancer will be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make clear your desired outcome and requirements.
I need to find a conveyancing solicitor for sale conveyancing in Finchley. I have land on a web site which seems to have the perfect offering If it is possible to get all this stuff completed via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am on look out for some leasehold conveyancing in Finchley. Before I get started I want to be sure as to the unexpired term of the lease.
If the lease is registered - and almost all are in Finchley - 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 am the leaseholder of a basement flat in Finchley. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a Finchley conveyancing firm who can help.
An example of a Lease Extension decision for a Finchley residence is Ground Floor 110 Station Road in June 2013. The Tribunal found that the premium payable for a lease extension should be £31,665. This case related to 1 flat. The remaining number of years on the lease was 56.65 years.