My mortgage broker has asked me for my Palmers Green law firm’s panel reference for the Nationwide conveyancing panel. What is the best way to obtain this. I have e-mailed my local Palmers Green office but they cant find it on their system.
The sensible thing to do is ask for this information from your Palmers Green lawyer . Most Palmers Green conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
My wife and I have recently appointed a conveyancing solicitor in Palmers Green. I I would like to check if they are accepted on the Barclays Direct conveyancing panel. Could you or the lender confirm if they are on the panel?
You should e-mail the solicitor and enquire whether they are on the lender panel. Alternatively please get in touch with Barclays Direct who may be able to help.
I am buying a detached bungalow in Palmers Green. The intention is to an extension at the rear at the house.Will the conveyancing process involve investigations to see if these alterations are allowed?
Your solicitor should check the registered title as conveyancing in Palmers Green will sometimes identify restrictions in the title deeds which restrict certain changes or require the consent of a 3rd party. Many additions need local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
I am the sole beneficiary of my late father’s will and I have everything in my name alone, including the house in Palmers Green. The Palmers Green property was put into my name in December. I want to move. I understand that there is a CML 6 month 'rule', which means that my property ownership could be regarded the same way as though I had purchased the property in December. Is the property unsalable for six months?
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 may be affected by that. How practical a view banks take of it, depend on the lender as this obligation principally exists to identify the purchase and immediately sell or the wholesaling and assigning of property.
Our sealed bid on a semi in Palmers Green has been accepted, but there is a chain. The vendors have put an offer on a property, however it’s not been accepted yet, and have viewings of other flats booked. I have instructed a high street conveyancing solicitor in Palmers Green. What do I do now? At what point do I apply for the mortgage with Co-operative?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then valuation, Palmers Green conveyancing search fees, etc). First, you must ensure that your solicitor is on the Co-operative approved list. Regarding the next phase this very much depends on the uniqueness of your transaction, attraction to this property and on the state of the market. During a rising market some purchasers would apply for a home loan with Co-operative and arrange for the valuation and only if it was satisfactory would they ask their property lawyer to press on with the conveyancing in Palmers Green.
The deeds to my home are lost. The solicitors who dealt with the conveyancing in Palmers Green 10 years ago no longer exist. What are my options?
You no longer need to hold title official documentation to establish that you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
I decided to have a survey done on a property in Palmers Green in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some banks will refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Palmers Green. Conveyancing may be slightly more expensive based on your lender's requirements.
My conveyancing in Palmers Green completes this Friday, however the sellers I am buying off wishes to vacate 24 hours later at midday. Do I agree to this?
You can't complete on a Saturday because the bank systems are not operating.