I can't travel far from New Barnet. Is there a reason why all New Barnet property lawyers aren't included on all mortgage company panels?
As unjust as it may seem for mortgage companies to limit who can act for them, from the public’s or conveyancer’s point of view, the other side of the coin is that banks are increasingly anxious and consider it crucial to shield themselves against illegal activities. As a consequence of this concern banks are limiting their conveyancing panel to a manageable size.
We are a couple about to sign contracts for a leasehold flat in New Barnet. We encountered a snag. Our loan offer with Accord Mortgages Ltd runs out on 8/8/2019 but the owners are suggesting a completion date of 12/8/2019. Can one extend the mortgage offer?
The person best placed to deal with your question is your conveyancer who will hopefully calculate whether they corresponding with the mortgage company, owner’s solicitors, property agents or conceivably all three taking into account the history of your house move as of today.
I got the keys to my flat on 5 July and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in New Barnet expressed confidence that it should be registered inside ten days. Are properties in New Barnet uniquely lengthy to register?
There is nothing unique about conveyancing in New Barnet registration formalities. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether it is in order and if the Land registry communicate with any other parties. At present approximately three quarters of such applications are completed in less than three weeks but some can be subject to longer delays. Registration is effected once the purchaser has moved in to the premises so post completion formalities is not always an essential issue but if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
I'm purchasing a new build house in New Barnet with a mortgage from Lloyds TSB Bank. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not to tell my conveyancer about this deal as it may impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one near me in New Barnet I like with a park and station nearby, however it only has 49 years on the lease. There is not much else in New Barnet in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Been looking for a conveyancer for leasehold sale conveyancing in New Barnet. We are selling, simple no mortgage to redeem, no hurry, no onward purchase. Received an estimate from a lawyer for £900 excluding VAT which is a tad steep given that its so straightforward. Can I pay less for conveyancing in New Barnet?
As it’s a sale only, 475 + VAT would be about the lowest for a New Barnet solicitor firm.