How do I find the right solicitor who can supply a high level service for my conveyancing in Barnet?
First ask relatives who they would recommend.
Option 2 is to search the web for conveyancing in Barnet. Telephone a couple or more firms listed and ask them to email you their conveyancing costs illustrations and discuss your needs with the solicitor who will conduct the conveyancing beforecommitting.
Option 3 is to make use of our search tool to help you find the right lawyers taking into account your own factors including the type of property,speed, complexity and who your intended lender is. Do not be teased by £100 conveyancing in Barnet
My husband and I are getting closer to an exchange on a property in Barnet and my parents have sent the 10% deposit to my conveyancing practitioner. I am now advised that as the deposit has not come from me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancing practitioner is legally required to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I am the registered owner of a freehold premises in Barnet but still pay rent, why is this and what is this?
It’s unusual for properties in Barnet and has limited impact for conveyancing in Barnet 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 fresh 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 post 2037 is to be extinguished.
My bid for a property was accepted at auction in Barnet. Conveyancing is necessary. What happens now?
Now that you have to all intents and purposes signed on the dotted line you will need to choose a conveyancing practitioner as a matter of priority as you are faced with a fast approaching a fixed date to complete the property. An auction property should have a corresponding legal pack. This will likely include evidence of title and search results. If you have purchased leasehold premises the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You should hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that you have funds in order to complete the transaction on the set completion date.
We previously appointed conveyancers located in Barnet on the Yorkshire BS solicitor approved list. They are now charging me a separate sum for the legal aspects of the Yorkshire BS mortgage. Is this a supplemental conveyancing fee set by Yorkshire BS?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer is entitled to charge a fee for this. The fee is not dictated by Yorkshire BS but by your Barnet solicitor. Numerous firms on the Yorkshire BS panel will quote ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Barnet conveyancing practitioners are chosen. What is the average time that one could expect to receive a mortgage offer from Nationwide?
There is no definitive answer here. Have Nationwide conducted the survey? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I bought my home on 6 June and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Barnet expressed confidence that it would be registered in a couple of weeks. Are transfers in Barnet particularly slow to register?
As far as conveyancing in Barnet is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can adjust subject to the party submitting the application, whether it is in order and whether the Land registry need to notify any interested persons or bodies. As of today roughly 80% of such applications are fully addressed in less than three weeks but occasionally there can be extensive delays. Historically registration takes place after the new owner is living at the premises thus 'speed' is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor could contact the land registry and explain the circumstances.
I am looking at a couple of apartments in Barnet both have about forty five years remaining on the lease term. Do I need to be concerned?
There are plenty of short leases in Barnet. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the saleability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.
After months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Barnet. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where 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 assess the amount due.
An example of a Lease Extension matter before the tribunal for a Barnet premises 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 related to 1 flat. The unexpired residue of the current lease was 76 years.