I can't travel far from Canonbury. Is there a reason why all Canonbury property lawyers are not on all mortgage company panels?
As unjust as it may appear for lenders to limit who can represent them, from the public’s or conveyancer’s standpoint, the flip side is that mortgage companies are becoming ever more anxious and feel it essential to shield themselves from mortgage fraud. As a consequence of this concern lenders are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
How up to date is your search tool for Canonbury conveyancing solicitors on the Leeds Building Society conveyancing panel? Do Leeds Building Society send you an updated list?
Canonbury conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
I am considering refinancing my property in Canonbury, does my lawyer need to be on the Nottingham Solicitor panel?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is it the case that all Canonbury solicitor practices on the TSB conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the TSB approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of banks do permit licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
My partner and I are in the throws of looking at houses in Canonbury and I am about to put in an offer. Should I already have a property lawyer appointed at this stage? I intend to finance via a home loan with UBS.
It would be sensible to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are obtaining a mortgage with UBS, make sure you remember to check that your lawyer is on the UBS conveyancing panel.
I am currently in the process of buying my council flat in Canonbury. I have a mortgage agreed with Lloyds. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
I have been on the look out for a flat up to £245,000 and found one close by in Canonbury I like with a park and railway links in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Canonbury suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage that many years may be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am looking into buying my first house which is in Canonbury and I am already nervous. I couldn't find anything specific about Canonbury. Conveyancing will be needed in due course but do you know about the Canonbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Canonbury. In the meantime here are some basic statistics that we found