I am not in a position to travel far from Chipping Barnet. Is there a reason why all Chipping Barnet conveyancers aren't included on all lender panels?
Pre- 2008 most lenders displayed an approach to risk which is different from today. The Financial Services Authority in 2010 carried out a thematic review into mortgage fraud which in summary warned lenders: know the property lawyers on your panel. Consequently, mortgage companies have subsequently requiredmore data from law firms concerning their processes and the staff who work for them and set certain criteria such as completing a minimum number of transactions. Hundreds of firms have been excluded from lender panels even though they had 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible meet the minimum amount of transactions the mortgage companies set.
The sellers of the property we are looking to purchase have appointed a conveyancing practitioner in Chipping Barnet who has suggested a exclusivity contract with a payment 10k. Are such contracts promoted for Chipping Barnet conveyancing transactions?
Exclusivity agreements are contracts between a home owner and prospective acquirer granting the buyer the sole right to purchase the premises for a certain period of time. Essentially, an exclusivity agreement is a contract stating that you should be issued with a contract at a later time being the contract for the actual sale. It tends to be used for buyer confidence though in many situations, the vendor may stand to benefit from such agreements as well. There are various pros and cons to using them but you need to check with your conveyancer but beware that it may result in incurring more in conveyancing charges. For these reasons these contracts are unusual in relation to conveyancing in Chipping Barnet.
We are purchasing a property and need a conveyancing solicitor in Chipping Barnet who is on the RBS solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS . We don't recommend any particular firms conducting conveyancing in Chipping Barnet.
What is the difference between a licensed conveyancer and conveyancing solicitor in Chipping Barnet
Two types of professional can do conveyancing in Chipping Barnet namely CLC regulated conveyancers or solicitors. Both professionals handle the legal services that you need to complete the disposal or acquisition of property. They are both duty bound to carry out Chipping Barnet conveyancing to the same quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that all requirements and steps should be appropriately followed.
We expect to receive a DIP from Principality this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Principality recommend any Chipping Barnet solicitors on the Principality conveyancing panel, or is it better to go independently?
You will need to appoint Chipping Barnet solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I have instructed a Chipping Barnet conveyancer having checked that they are on the Skipton conveyancing panel. Does my lawyer arrange the survey of the property?
Skipton will need an independent valuation of the property. Your lawyer will not arrange this. Usually Skipton will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Chipping Barnet postcode. As you are getting a mortgage with Skipton, you could contact them to see if they have a list of approved surveyors in Chipping Barnet.
I moved into my flat on 16 May and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Chipping Barnet advises it should be formalised inside ten days. Are transfers in Chipping Barnet particularly slow to register?
There is nothing unique when it comes to conveyancing in Chipping Barnet registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether it is in order and whether the Land registry need to notify any other parties. Currently roughly three quarters of such applications are fully addressed in less than three weeks but some can be subject to longer hold-ups. Registration is effected after the new owner has moved in to the premises so 'speed' is not usually top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer can contact the land registry and explain the circumstances.
I am downsizing from my home. My previous solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Chipping Barnet if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Chipping Barnet. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.