The Colney Hatch conveyancing firm handling our Colney Hatch conveyancing has spotted an inconsistency when comparing the information in the home valuation report and what is revealed within the conveyancing documents. My solicitor has advised that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
This question may be naive but I am unseasoned as a 1st time buyer of a two bedroom flat in Colney Hatch. Do I pick up the keys to the house on completion from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in Colney Hatch?
On the day of completion you do not need to go to the conveyancers office in Colney Hatch. Your solicitors will transfer the purchase money to the seller's conveyancers, and once they have received this, you should be able to collect the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
We are purchasing a end of terrace house in Colney Hatch. The intention is to carry out an extension to the side at the house.Will the conveyancing process include enquiries to determine if these works were previously refused?
Your solicitor will review the registered title as conveyancing in Colney Hatch will occasionally identify restrictions in the title documents which prevent categories of alterations or necessitated the consent of another owner. Certain works require local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
We were going to get a AIP from Leeds Building Society 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 Leeds Building Society recommend any Colney Hatch solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Colney Hatch solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
What will a local search tell me about the house my wife and I buying in Colney Hatch?
Colney Hatch conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search is essential in every Colney Hatch conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I am purchasing a new build house in Colney Hatch with a loan from Leeds Building Society. The builders would not move on the amount so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my solicitor about the side-deal as it will adversely affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Colney Hatch is the location of the property. Can you offer any advice?
Flying freeholds in Colney Hatch are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Colney Hatch you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Colney Hatch may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My company is intending to take an assignment of a lease of an office on the high street. Can you recommend solicitors offering no-sale-no fees for non-domestic conveyancing in Colney Hatch for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Colney Hatch, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. As for the charges these will vary based on the structure and terms of the deal. Let us have your contact information or phone so as to enable us to provide you with comprehensive commercial conveyancing calculation.