When will exchange of contracts occur in purchase conveyancing in Barnet and do I need to attend the lawyers office?
If you are near to one of the conveyancing solicitors in Barnet you are welcome to attend to sign contracts. However, the law practices we work with offer countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you electronically. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the firm to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Barnet)to be in the office available at the end of the phone to exchange contracts.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Barnet. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Virgin Money will require that you use a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
Due to the input of my in-laws I had a survey completed on a house in Barnet before appointing solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies will refuse to grant a loan on such a property.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you e-mail us we can check with 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 Barnet. Conveyancing will be smoother if you use a solicitor in Barnet especially if they regularly deal with such properties in Barnet.
Hoping to buy a property located in Barnet and I am already nervous. I couldn't find anything specific about Barnet. Conveyancing will be needed in due course but do you know about the Barnet area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Barnet. In the meantime here are some basic statistics that we found
All being well we will complete the sale of our £125,000 apartment in Barnet next Monday. The landlords agents has quoted £372 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Barnet?
Barnet conveyancing on leasehold flats usually results in administration charges invoiced by freeholders :
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Completing pre-contract enquiries
Where consent is required before sale in Barnet
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a second floor flat in Barnet. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
if there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to decide the price payable.
An example of a Lease Extension matter before the tribunal for a Barnet flat 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 unexpired term as at the valuation date was 76 years.
Why is New Build conveyancing in Barnet more costly?
Conveyancing in Barnet for newly converted or new build properties usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental investigations and contractual considerations.