The Colney Hatch conveyancing firm handling our Colney Hatch conveyancing has identified a discrepancy when comparing the assumptions in the valuation report and what is in the legal papers for the property. My solicitor says that he needs to check that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions 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 both parties.
How up to date is your database of Colney Hatch solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Colney Hatch conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
I have been told by my solicitor that defective lease insurance is required on my purchase. What is the level of cover for Colney Hatch conveyancing?
The right level of defective lease indemnity insurance depends on your lender. It would differ for example between Santander and The Royal Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such policies.
After much negotiation I have agreed a price on a house in Colney Hatch. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £150. A couple of days later, the lawyer contacted me embarrassingly acknowledging that they were not on the Yorkshire BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Yorkshire BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have finally had an offer on an apartment in Colney Hatch accepted, the vendors do nevertheless have a connected purchase. The vendors have placed an offer on a flat, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have selected a nearby conveyancing solicitor in Colney Hatch. What do I do now? At what point do I apply for the mortgage with Clydesdale?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Colney Hatch conveyancing search charges, etc). The first thing to do is check that your property lawyer is on the Clydesdale approved list. Concerning the subsequent stages this very much dictated by the uniqueness of your case, motivation for the property and on the state of the market. During a buoyant market the majority of home buyers would apply for the mortgage with Clydesdale and pay for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with the conveyancing in Colney Hatch.
A relative advised me that if I am buying in Colney Hatch I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Colney Hatch conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Colney Hatch around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Colney Hatch Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Colney Hatch Education with plans and statistics, Local Amenities and other useful information concerning Colney Hatch.
I am buying a new build apartment in Colney Hatch. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Colney Hatch
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
In my capacity as executor for the will of my uncle I am selling a house in Cardiff but I am based in Colney Hatch. My conveyancer (based 200 miles awayhas requested that I execute a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Colney Hatch who can witness this legal document for me?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Colney Hatch based