I am one month into the sale of my maisonette in Harringay and the estate agent has just e-mailed to advise that the purchasers are swapping property lawyer. I am told that this is due to the fact that the lender will only deal with property lawyers on their conveyancing panel. On what basis would a big named lender only deal with certain solicitors rather the firm that they want to choose for their conveyancing in Harringay ?
Banks have always had panels of law firms that can act for them, but in the last few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for many years.
Banks attribute this action to a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are unlikely to have any impact on this.
My wife and I are soon to exchange on the purchase of a house in Harringay but as a consequence of damage from a small fire at the property I have was able negotiate recompense from the current proprietors of £3k by way of a adjustment in the price. I had intended this to be dealt with as part of amending the contract but Yorkshire BS will not permit this. Should they have been involved?
The lawyer being on a Yorkshire BS conveyancing panel is obliged to disclose to Yorkshire BS of any variations to the purchase price. If you prohibit your lawyer to notify the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new property lawyer for your conveyancing in Harringay.
I am purchasing my first flat in Harringay with the aid of help to buy. The sellers would not move on the price so I negotiated 6k of additionals instead. The house builders rep told me not to tell my lawyer about this side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Harringay is where the house is located. Can you offer any guidance?
Flying freeholds in Harringay are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Harringay you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Harringay may ascertain 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.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Harringay and how can your lawyers assist?
The particular law that you refer to provides protection to commercial lessees, giving them the dueness to make a request to court for a new lease and remain in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Harringay
I am using a search engine for the words on line conveyancing in Harringay it reveals many solicitorsin the vicinity. With so much choice what is the best way to find the right solicitor for the sale of my house?
The ideal way of finding the right conveyancer is via personal referral, so seek the counsel of friends and relatives who have acquired a property in Harringay or a respected estate agent or mortgage broker. Charges for conveyancing in Harringay vary, so it's sensible to secure a minimum of four estimates from varying types of law firms. Dont forget to clarify that the fees are fixed.