Recently been in touch with my conveyancing lawyer in Barnet who conducted the legals two years ago asking for a conveyancing quote based on the same type of home move (a leasehold residence and a freehold premises) of similar values with a mortgage from Nationwide Building Society. I am now being quoted double. Am I right to be tempted to shop around for a cheaper internet property lawyer?
The costs illustration is fractionally on the high side. If you are content to expend time scrutinising quotes you might trim some of the cost by perhaps a hundred pounds. That being said, providing that you were pleased with the legal work the firm offered you couldcome to regret opting for an an unknown conveyancer. Don't forget to check the conveyancer can represent Nationwide Building Society. You can use our search tool to select a Barnet conveyancing firm on the Nationwide Building Society approved list of lawyers, which can often include conveyancing solicitors in Barnet.
My wife and I are nearing an exchange on a flat in Barnet and my parents have sent the ten percent deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my property lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The solicitor is legally required to check with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Barnet?
Its becoming the norm that commercial conveyancing solicitors in Barnet will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Barnet. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Barnet.
For each commercial conveyancing transaction in Barnet it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Barnet commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Barnet.
How does conveyancing in Barnet differ for newly converted properties?
Most buyers of new build or newly converted property in Barnet contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because builders in Barnet usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Barnet or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Barnet in advance of instructing solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders will not issue a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Barnet. Conveyancing will be smoother if you use a solicitor in Barnet especially if they regularly deal with such properties in Barnet.
Should I be suspicious that estate agents that I am dealing with are recommending a national conveyancing firm as opposed to a High Street Barnet conveyancing company?
As is the case with many service providers, often input from family and friends can be worth their weight in gold. But there are numerous parties with a keen interest in a conveyancing matter; estate agents, financial adviser and mortgage companies might all recommend solicitors to use. Sometimes these lawyers might be known to one of the organisations as one of the best in their field, but occasionally there might be a commercial relationship behind the endorsement. You are at liberty to choose your preferred conveyancer. However, bear in mind that many banks specify a panel list of lawyers you must use for the lender related work in your home move.