Is it possible for conveyancing in Mill Hill to be completed within 10 days?
In a situation where the seller is applying pressure to exchange it is highly recommended that your lawyer is familiar with the area as they will make use of local relationships and know-how. It is possible that they may have handled previoushomes in the same road. Therefore consider using a Mill Hill conveyancing solicitor. Second, be sure that the lawyer is on the on the approved list for your mortgage company. It is understood that nearly one in five of Mill Hill conveyancing deals are held up or jeopardised after discovering a purchaser’s lawyer was not on their banks member panel. In many cases this discovery resulted in the buying process being frustrated by an average of 21 days. It is said that this issue affects in the region of 100,000 home sales annually. Many Mill Hill conveyancing firms can not act for certain lenders so do check at the outset.
In what way does my ID and proof of funds have anything to do with my conveyancing in Mill Hill? Is this really necessary?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms and Conditions that you are required to sign will no doubt stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to hand over ID verification documents, your lawyer would not be able to accept instructions from you.
My wife and I have a 4 bedroom Victorian house in Mill Hill. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be 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 Mill Hill and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing solicitor who carried out the work.
Due to the input of my in-laws I had a survey completed on a property in Mill Hill in advance of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some banks tend refuse to give a loan on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Mill Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mill Hill to see if the conveyancing costs will increase in light of this.
I was advised by numerous selling agents in Mill Hill to get a quote from a property lawyer on your site. Is there a financial advantage for Estate Agents to market your services rather than alternative conveyancing organisations?
We don’t make any commission for sending work to this site. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Do I stop the direct debit for my mortgage with Nottingham once a completion date for my home sale in Mill Hill has been agreed?
You would be well advised to continue meeting any mortgage sums to Nottingham until the mortgage is paid off out of the proceeds of sale as part of your Mill Hill conveyancing.