I am in need of a property lawyer. Do I opt for a nationwide conveyancer rather than a local Hendon conveyancing lawyer?
Hendon is a unique place, where local knowledge is a big bonus. The relaxed pace of life has it’s attractions – just not when it comes to your conveyancing. The property lawyers that we endorse combine deep Hendon intelligence with a professional, can doattitude that helps the conveyancing to progress without drama. It is a distinct advantage where they benefit from established relationships with financial advisers, search providers, surveyors and other Hendon conveyancing solicitors
Can you clarify what the consequences are if my solicitor is removed from the Nationwide Solicitor panel ahead of completing my conveyancing in Hendon?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Me and my brother have a semi-detached Georgian house in Hendon. Conveyancing solicitor acted for me and Lloyds TSB Bank. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should assess 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 Hendon and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing solicitor who conducted the work.
I decided to have a survey done on a property in Hendon before retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may refuse to grant a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hendon. Conveyancing will be smoother if you use a solicitor in Hendon especially if they are accustomed to such properties in Hendon.
My cousin has suggested that I use his lawyers for conveyancing in Hendon. Do I take his guidance?
There are no two ways about it the best way to select a conveyancing lawyer is to seek recommendations from friends or relatives who have previously instructed the firm you're contemplating using.
We had our mortgage agreed in principle last Friday with our bank. We are using a long established conveyancer in Hendon yesterday. A couple of hours ago, our financial adviser contacted us saying that the bank said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the lender had some control over our choice Is this usual?
You are at liberty to appoint any property lawyer you want to choose for your conveyancing in Hendon however if they are not on the your bank's approved list you must incur additional cost so the mortgage company can appoint their own conveyancer too. It may be conceivable that your solicitor may apply to get added to the bank list of approved firms. Do make the most of internet search facilities including lenderpanel.com to find a conveyancing solcitor in Hendon on the bank panel. You can go into your local mortgage company branch in Hendon. They will know some good conveyancing solicitors in Hendon on the bank panel.