We are planning to buy a 1 bedroom apartment in Friern Barnet with a mortgage. We have a Friern Barnet lawyer, however the bank says she’s not on their "panel". It appears that we have little option but to select one of the lender panel solicitors or continue with our Friern Barnet conveyancing practitioner and pay for one of their panel lawyers to represent them. This feels very unfair; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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 Friern Barnet conveyancing solicitor to apply to be on the conveyancing panel.
I do hope you can help me. My Friern Barnet lawyer is assuring me that she is duty bound toapply for Friern Barnet conveyancing searches resulting from the fact thatthe firm are on the Lloydssolicitor panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a home loan with a mortgage company your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Friern Barnet conveyancing searches.
We are looking to buy a house and need a conveyancing solicitor in Friern Barnet who is on the Kent Reliance conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Friern Barnet.
I am looking for a leasehold apartment up to £195,000 and found one round the corner in Friern Barnet I like with a park and transport links nearby, however it's only got 61 years on the lease. I can't really find anything else in Friern Barnet for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I am in need of some leasehold conveyancing in Friern Barnet. Before diving in I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Friern 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 have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Friern Barnet conveyancing firm to help?
in cases where there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to assess the price.
An example of a Lease Extension matter before the tribunal for a Friern Barnet residence is 90 & 96 Poplar Grove in June 2013. It was held by the Tribunal that the premium to be paid for the new lease in respect of each of the flats referred should be £17,942 This case affected 2 flats. The unexpired residue of the current lease was 68 years.
I have been looking for Friern Barnet online conveyancing estimates. Can I be assured that all the Friern Barnet law firms that are listed on your directory are on the bank conveyancing panel?
The law firms on our directory have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Friern Barnet conveyancing solicitor being on the lender conveyancing panel is incorrect.