My friend's uncle is a conveyancing practitioner. I suspect that I can be offered preferential pricing for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in North Finchley?
It’s advisable to look for two or three conveyancing estimates. Do use our search tool on this site. The prices may be different but service levels do are distinct between law firms as is the case with most professions.
What is your number one tip for choosing a conveyancing solicitor in North Finchley
We would encourage you not to go for the cheapest North Finchley conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. 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 happen to be the sole recipient of my late father’s will and I have everything in my name now, including the my former home in North Finchley. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship may be considered the same way as if I'd bought the house in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view lenders take of it, depend on the lender as this requirement principally exists to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
When it comes to mortgage companies such as Leeds Building Society, do North Finchley conveyancers face an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have been on the look out for a leasehold apartment up to £235,500 and identified one close by in North Finchley I like with amenity areas and railway links nearby, however it only has 52 years on the lease. I can't really find anything else in North Finchley in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
How easy is it to use the search facility to get a costs illustration from a conveyancing lawyer in North Finchley on the authorised to act for my lender?
First select a lender such as Santander, Coventry Building Society or Platform Home Loans Ltd then choose your preferred area e.g. North Finchley. Conveyancing firms in North Finchley and beyond will then be identified.
I've recently bought a leasehold property in North Finchley. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a North Finchley conveyancing firm to help?
Absolutely. We can put you in touch with a North Finchley conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a North Finchley flat is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case was in relation to 1 flat. The unexpired term was 76 years.
Am in the process of purchasing my 1st house in North Finchley. Conveyancing solicitor has been selected. The mortgage adviser pointed out that a survey is not necessary as the property is just fifteen years old.
The bare minimum you need a Home Buyer's Report. As the premises is over 10 years old the property will be without a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report could suffice. They will highlight any obvious problems and recommend additional investigation if appropriate. If there are any indications of material issues get a comprehensive structural survey.