My family lawyer has quoted £1200 for leasehold conveyancing in Chipping Barnet. I am hoping to sell a modern house for £125,000. This sounds too much. Is it in excess of what I should be paying for conveyancing in Chipping Barnet?
The estimate does seem a tad overpriced. Where you are happy to spend time comparing prices you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, you mightlive to regret choosing an an untested conveyancer. Remember to enquire that the firm can act for your lender. You can use our comparison tool to get a quote a Chipping Barnet conveyancing company on the banks member panel which can often include conveyancing solicitors in Chipping Barnet.
All was ready to move into my new home in Chipping Barnet next Tuesday. My solicitor now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not specific to conveyancing in Chipping Barnet.
My wife and I have arranged a further advance on our home loan from Lloyds as we intend to conduct a loft conversion to our property in Chipping Barnet. Do we need to appoint a high street Chipping Barnet solicitor on the Lloyds conveyancing panel to deal with the paperwork?
Lloyds would not normally instruct a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds panel.
I am purchasing a property in Chipping Barnet. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As you are obtaining a mortgage with Virgin Money your lawyer must comply with the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease does not comply with these specifications. The conditions relate to the installation of panels on properties nationwide and is not isolated to Chipping Barnet.
We expect to receive a AIP from HSBC this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Chipping Barnet solicitors on the HSBC 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 HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
My wife and I own a semi-detached Edwardian house in Chipping Barnet. Conveyancing solicitor represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the exact same address. Is it worth asking Clydesdale to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chipping Barnet and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing practitioner who completed the work.
How easy is it to change firm as I have to find a firm on the Aldermore conveyancing list. I hired a family conveyancing solicitor in Chipping Barnet round the corner but she is not accepted by Aldermore
It would be our pleasure to assist you select a conveyancing solicitor in Chipping Barnet on the Aldermore panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Chipping Barnet. In utilising the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Chipping Barnet.
I am in the process of buying my first house in Chipping Barnet. Conveyancing practitioner has been selected. The financial consultant pointed out that a survey is not necessary as the house was only built 16 yrs ago.
You would be best advised to take a Home Buyer's Report. As the premises was built over a decade ago the property will not come with a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report may suffice. The report should highlight any apparent issues and recommend further investigation if relevant. Where there are any signs of problems seek a comprehensive structural survey.