Please explain the implications if my solicitor is suspended from the Nationwide Solicitor panel ahead of completing my conveyancing in Colney Hatch?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
We are downsizing from our house in Colney Hatch and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A high street Colney Hatch conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Colney Hatch. We have lived in Colney Hatch for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
It has been 2 months since my purchase conveyancing in Colney Hatch completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Colney Hatch differ for newly converted properties?
Most buyers of new build or newly converted property in Colney Hatch contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Colney Hatch typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Colney Hatch or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Colney Hatch before retaining solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some banks may refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Colney Hatch. Conveyancing will be smoother if you use a solicitor in Colney Hatch especially if they regularly deal with such properties in Colney Hatch.
I need to instruct a conveyancing solicitor for freehold conveyancing in Colney Hatch. I happened to discover a site which appears to be the ideal solution If there is a chance to get all the legals done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?