We are about to exchange contracts for a leasehold flat in Highgate. We have hit a stumbling block. Our mortgage offer with Norwich and Peterborough Building Society runs out on 20/12/2021 but the owners are insisting on a completion date of 22/12/2021. Can one extend the loan expiry date?
The person best placed to deal with your question is your solicitors who is in a position to assess if they corresponding with the mortgage broker, owner’s lawyers, estate agents or possibly all parties taking into account the history of your conveyancing as of today.
I am the registered owner of a freehold house in Highgate yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Highgate and has limited impact for conveyancing in Highgate but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We just had an offer accepted to buy with Loughborough BS. I went into 3 or 4 local practices but cant to find a Highgate conveyancing firm on the Loughborough BS approved list. Can you assist?
Feel free to take advantage of the search tool on this page. Pick the building society and type Highgate or your location and you will be presented with numerous conveyancers based in Highgate or by proximity to you.
There is lots of information on this site about conveyancing in Highgate but can you isolate your top tip for appointing the right conveyancer in Highgate
Do not opt for the lowest Highgate conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am being advised by my solicitor that missing deeds insurance is needed on my purchase. What is the level of cover for Highgate conveyancing?
The appropriate level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Lloyds TSB Bank and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
Our sealed bid on a semi in Highgate has been agreed to, the vendors do nevertheless have a tied purchase. The owners have placed an offer on somewhere, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have chosen a local conveyancing solicitor in Highgate. What do I do now? At what stage do I apply for the mortgage with Nationwide?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Highgate conveyancing search costs, etc). First, you must check that your lawyer is on the Nationwide conveyancing panel. As to the subsequent stages this very much dictated by the uniqueness of your case, motivation for the property and on the state of the market. In a rising market the majority of purchasers will apply for the mortgage with Nationwide and pay for the valuation and only if it comes back ok would they request their conveyancing practitioner to move forward with the conveyancing in Highgate.
Taking into account that I will soon part with 450k on a terraced house in Highgate I wish to have a conversation with the solicitor regarding thehouse move in advance of appointing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the conveyancer who will be conducting your property ownership legalities in Highgate.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Highgate should be the amount on the final invoice that you end up paying.
I need to retain a conveyancing solicitor for leasehold conveyancing in Highgate. I've stumble upon a web site which looks to be the ideal offering If there is a chance to get all this stuff completed via web that would be preferable. Should I be wary? 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?