Is there a reason to use a Potters Bar conveyancing firm given that national alternatives are easier on the wallet?
By all means make sure that you scrutinise conveyancing costs in Potters Bar and you should seek a competitive estimate but don’t become consumed with getting the cheapest Potters Bar conveyancer. Identifying the right conveyancer can be the distinction between a seamless and a stressful home move. You need to ensure that you have expert advice from an experienced solicitor. Emails can't be as helpful as a telephone conversation and are no substitute for a one to one consultation. The firms that we work with will allocate you a qualified and top rated conveyancing solicitor who can deal with your conveyancing from beginning to end, giving the sort of personalised service that you rarely receive from an internet conveyancer. He or She will keep you updated on any developments making sure that you are ensuring that you are updated at regular intervals. Should you need to phone the firm you will be sure who you need to speak to and they will endeavour to make sure that you are kept fully informed.
I purchased a freehold house in Potters Bar but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Potters Bar and has limited impact for conveyancing in Potters Bar but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
If you had a top tip for choosing a conveyancing solicitor in Potters Bar what would it be?
Do not opt for the cheapest Potters Bar conveyancing quote. You really do get what you pay for when it comes to property lawyers. 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 know exactly what you’ll have to pay in advance.
Is it correct that all Potters Bar CQS (Conveyancing Quality Scheme) solicitors are on the Nationwide conveyancing list of approved firms?
It is true that some lenders now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
Planning on purchasing a flat in Potters Bar. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Potters Bar conveyancer is on the Coventry BS conveyancing panel.
My relative advised me that where I am purchasing in Potters Bar I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Potters Bar conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Potters Bar around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Potters Bar Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Potters Bar.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Potters Bar is the location of the property. What do you suggest?
Flying freeholds in Potters Bar are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Potters Bar you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Potters Bar may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it true that a Potters Bar conveyancing practice taken to court by a client for not carrying out the appropriate conveyancing searches?
We are not aware of such a Potters Bar conveyancing claim but according to a recent report, clients purchasing a home in Cumbria successfully won a claim against their lawyer due to development plans to construct a wind farm failing to be identified in conveyancing searches.
If you are buying in Potters Bar It is critical that your lawyer conduct all Potters Bar conveyancing searches needed making sure that you have accurate and up to date information before purchasing a home in Potters Bar.