What does my ID and proof of funds have anything to do with my conveyancing in Barnet? Is this really warranted?
It is indeed that case that these requests have nothing to do with conveyancing in Barnet. Nowadays you can not complete any conveyancing process without first providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as proof of ID it must be both the paper part as well as the photo card part, one is not sufficient in the absence of the other.
Verification of your origin of monies is mandated under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer must have this information on file. Your Barnet conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask additional queries concerning the source of funds.
Do I need to pay for insurance to cover chancel repairs when purchasing a property in Barnet?
Unless a previous purchase of the property completed after 12 October 2013 you may expect lawyers handling conveyancing in Barnet to continue to recommend a chancel search and or insurance against a claim.
I am purchasing a new build house in Barnet with the aid of help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not reveal to my solicitor about the side-deal as it may adversely affect my loan with the lender. Should I keep quiet?.
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.
What does commercial conveyancing in Barnet cover?
Commercial conveyancing in Barnet incorporates a wide range of guidance, given by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
We're first time buyers - agreed a price, but the property agent has warned us that the owners will only move forward if we instruct their preferred lawyers as they need a ‘quick sale’. Our preferred option is to instruct a local solicitor who is accustomed to conveyancing in Barnet
It is improbable the vendors are behind this. Should the owner want ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and explain that (a)you are genuine purchasers (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you will continue to use your preferred Barnet conveyancing lawyers - not the ones that will give their estate agent a referral fee or hit his conveyancing figures set by head office.
Jane (my partner) and I may need to rent out our Barnet garden flat temporarily due to taking a sabbatical. We used a Barnet conveyancing practice in 2001 but they have since shut and we did not think at the time seek any guidance as to whether the lease permits subletting. How do we find out?
Your lease dictates the relationship between the freeholder and you the flat owner; specifically, it will say if subletting is banned, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Barnet do not contain subletting altogether – such a provision would undoubtedly devalue the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Barnet conveyancing firm to represent me?
if there is a missing landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to assess the amount due.
An example of a Lease Extension decision for a Barnet residence 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 affected 1 flat. The remaining number of years on the lease was 76 years.