We are purchasing a 1 bedroom flat in Muswell Hill with a mortgage. We have a Muswell Hill solicitor, however the bank advise he's not on their "panel". It seems we have no option but to instruct one of the lender panel firms or continue with our Muswell Hill conveyancing practitioner and pay for one of their panel firms to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. 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 Muswell Hill conveyancing solicitor to apply to be on the conveyancing panel.
Please help. My Muswell Hill lawyer is informing me me that he is legally obliged toapply for Muswell Hill conveyancing searches asthe firm are on the HSBCsolicitor panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with a lender 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 bank’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Muswell Hill conveyancing searches.
Our mortgage company has recommended a law firm on their panel based in Muswell Hill but I would rather use a conveyancing lawyer in Muswell Hill local to me. Are you able to assist?
It is by no means the case that all Muswell Hill conveyancing practitioners are listed all lender’s conveyancing panel. Please make use of our find an approved solicitor tool to choose a Muswell Hill conveyancing solicitor on the on the bank panel.
What is the difference between a licensed conveyancer and conveyancing solicitor in Muswell Hill
There are two types of lawyers who can carry out conveyancing in Muswell Hill namely CLC regulated conveyancers or solicitors. The two can administer conveyancing services that you need to complete the disposal or purchase of property. They are both duty bound to perform Muswell Hill conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly carried out and that the requirements and procedures should be appropriately taken.
My father informed me that in purchasing a property in Muswell Hill there may be a number of restrictions as to what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Muswell Hill which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Muswell Hill should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After what feels like an age I have had an offer on an apartment in Muswell Hill accepted, but there is a chain. The sellers have put an offer on on an apartment, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Muswell Hill. What do I do now? At what point do I apply for the mortgage with Nottingham?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of one thousand pounds, then survey, Muswell Hill conveyancing search charges, etc). First, you must check that your solicitor is on the Nottingham conveyancing panel. As to the next phase this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a buoyant market the majority of purchasers would apply for the mortgage with Nottingham and pay for the valuation and only if it was satisfactory would they request their solicitor to proceed with the conveyancing in Muswell Hill.
Due to the input of my in-laws I had a survey completed on a house in Muswell Hill in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may not grant a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions from Nationwide. If you e-mail us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Muswell Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
Being a leasehold owner I am on the hook for a service charge for my appartment in Muswell Hill. As a result of personal circumstances I fell behind with remittance. I negotiated a payment schedule but there remains three grand currently outstanding.
I want to sell and I am panicking this can hold me back if I have to pay off the amount due first. Do I have to settle before - is this viable?
It would be wise to speak with the solicitor undertaking your Muswell Hill conveyancing but one option could be to agree for the arrears to be transferred to the buyers. The sale price payable would be adjusted to reflect the amount of debt they assume. They would then discharge the outstanding monies once they are the owners.