My husband and I are purchasing a new build flat in Barnet and my solicitor is informing me that she is duty bound to the mortgage company to disclose incentives from the builder. The Estate Agents are hassling me to exchange contracts and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Completed the sale of my flat in Barnet last May but the buyer keeps calling every few hours to say his lawyer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your house sale your lawyer should send the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor should also send confirmation that the legal charge in favour of the lender has been discharged to the buyers solicitors. There are no post completion steps unique to conveyancing in Barnet.
We're in Barnet, FTBs purchasing with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What is the difference between a licensed conveyancer and conveyancing solicitor in Barnet
There are many recorded licenced Conveyancers in Barnet and Solicitor firms in Barnet who can assist with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal aspects of transferring property. Both can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
When it comes to mortgage companies such as Santander, do Barnet lawyers face a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
How can we tell if a Barnet conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Barnet getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor carrying out your conveyancing.
My husband and I are first time buyers - had an offer accepted, yet the property agent informed us that the seller will only issue a contract if we appoint their chosen conveyancers as they need an ‘expedited deal’. We would rather use a family solicitor with experience of conveyancing in Barnet
It is highly unlikely the owners are driving this. If they want ‘a quick sale', taking such a hostile approach to a genuine purchaser is is going to put the whole deal at risk. Contact the sellers directly and make the point that (a)you are genuine buyers (b)you are ready to progress, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you are going to appoint your preferred Barnet conveyancing firm - not the ones that will provide the estate agent a referral fee or hit his conveyancing figures pre-set by corporate headquarters.
We are contemplating choosing an online lawyer ahead of a Barnet conveyancing firm. Am I making a mistake?
Numerous benefits exist in being able to pop in to a local Barnet conveyancing solicitor such as
- signing papers and and when necessary
- having face-to-face explanations of things that need explaining
- the ability to complain if matters are not going as expected
When checking fees, look carefully for hidden extras. The majority decent Barnet high street solicitors give an all-inclusive price. Often online companies seem to offer cheap prices, yet have burried 'extras' in the small print.