My fiance’s uncle is a conveyancer. I expect that I will receive mate’s fee for conveyancing, However if that does not come through, what kind of costs would I typically be looking at for conveyancing in Barnet?
Do contrast pricing. Do use our search tool on this page. The prices do be different but the service one can expect differ between law firms as is true with the vast majority of professional services.
Would the conveyancing solicitors that you recommend handle auction conveyancing in Barnet?
We know of a number of niche solicitors we can put you in touch with those conducting auction conveyancing. Barnet is one of hundreds of areas of in which our lawyers have offices.
My bid for a property was accepted at auction in Barnet. Conveyancing is required. What are my next steps?
Given that you have now for in every practical sense signed on the dotted line you now have to hire the services of a conveyancing practitioner as a matter of urgency as you are faced with a fast approaching a drop dead date to complete the transaction. All auction property will have a bespoke legal set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the auction papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You need to give this to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
My conveyancer has informed me that flying freehold insurance is necessary on my purchase. What is the level of cover for Barnet conveyancing?
The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Accord Mortgages Ltd and The Royal Bank of Scotland. Conveyancing lawyers as opposed to borrowers take out such policies.
I happen to be the sole beneficiary of my late grandmother’s estate and I have everything in my name alone, including the house in Barnet. Conveyancing formalities meant that the Land Registry date was in February. I plan to dispose of the house. I understand that there is a CML six month 'rule', which means that my property ownership will be regarded the same way as though I had purchased the property in February. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. Some banks would take a sensible view as this clause chiefly exists to capture subsales or the quick reselling of property.
I have been told that property searches are the number one reason for obstruction in Barnet house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Barnet.
I work for a busy estate agency in Barnet where we have witnessed a few leasehold sales derailed as a result of short leases. I have been given inconsistent advice from local Barnet conveyancing solicitors. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Barnet conveyancing firm to act on my behalf?
Where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to arrive at the price payable.
An example of a Lease Extension case 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 was in relation to 1 flat. The remaining number of years on the lease was 76 years.
How easy is it to change a solicitor as I need to find a Barnet based firm who is on the bank conveyancing panel. Is it advisable to appoint a new law firm?
In the event that you have not formally appointed a conveyancer to start work and at this stage simply received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Barnet that you're considering.