My husband and I are purchasing residence in East Finchley. My lawyer is not listed on the lender conveyancing list. Can I still use my East Finchley conveyancing solicitor notwithstanding that they are not on the mortgage company panel?
Your options include
- Proceed with your existing East Finchley conveyancing practitioner but your bank will undoubtedly use a property lawyer on their approved list. The net result is additional fees together with likely frustration.
- Appoint a new lawyer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your lawyer to do everything possible to get accepted on the mortgage company panel of solicitors
Can I use your services to locate a Conveyancing solicitor in East Finchley even where I’m not buying or disposing of a house, for example where I intend to acquire a shop in East Finchley with a loan from The Mortgage Works?
The service is predominantly used to find residential conveyancing solicitors in East Finchley but we have recorded at the end of this page some East Finchley commercial conveyancing firms. You will need to enquire with the company directly to check if they can also act for The Mortgage Works
is it true that all East Finchley solicitors on the Santander conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Santander approved list of solicitors they would need to be regulated by the SRA. The majority of lenders do list licenced conveyancers on their panel and in that case the organisation would be regulated by the CLC.
Can I be sure that the East Finchley conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in East Finchley obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer carrying out your conveyancing.
Completion of my purchase has taken place for my property in East Finchley. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I have been on the look out for a flat up to £245,000 and identified one round the corner in East Finchley I like with amenity areas and station nearby, the downside is that it's only got 52 years on the lease. There is not much else in East Finchley suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Do you have any top tips for leasehold conveyancing in East Finchley with the purpose of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in East Finchley can be bypassed if you instruct lawyers the minute you market your property and ask them to collate the leasehold information needed by the buyers’ lawyers. If there is a history of any disputes with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The buyers and their solicitors will be warry about purchasing a flat where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to unsettled. If you hold a share in a the freehold, you should make sure that you are holding the original share document. Organising a duplicate share certificate can be a time consuming process and delays many a East Finchley conveyancing transaction. If a duplicate share is necessary, do contact the company officers or managing agents (where applicable) for this as soon as possible. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Most leases in East Finchley state that internal structural changes or installing wooden flooring calls for a licence issued by the Landlord acquiescing to such alterations. Should you dont have the paperwork to hand do not contact the landlord without contacting your lawyer before hand.
After years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in East Finchley. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a East Finchley conveyancing firm who can help.
An example of a Lease Extension decision for a East Finchley residence is Ground Floor 110 Station Road in June 2013. The Tribunal found that the premium payable for a lease extension should be £31,665. This case related to 1 flat. The remaining number of years on the lease was 56.65 years.
I am looking to buy a house and need a conveyancing solicitor in East Finchley who is on the mortgage company solicitor panel. Can you recommend a East Finchley or local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in East Finchley. We dont recommend any particular solicitor.