Will lawyers request money up-front for conveyancing in Enfield Town?
If you are buying a property in Enfield Town your solicitor will ask you put them with monies to cover the search fees. Generally this is asked for to cover the fees of the conveyancing searches. If any deposit is payable against the purchase price then this should be needed immediately before contracts are exchanged. The final balance that is due should be sent to your lawyer shortly before completion.
We're in Enfield Town, FTBs purchasing with a mortgage (lender is Barclays , and our solicitor is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have justdiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Enfield Town for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The quickest way to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Enfield Town conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a property in Enfield Town prior to appointing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders will not give a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Enfield Town. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by a number of selling agents in Enfield Town to select a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to offer your services over alternative conveyancing organisations?
We don’t make any financial incentive for directing people in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
I am an executor of my recently deceased mum’s Will, with a bungalow in Enfield Town which will be marketed. The house is unregistered at HMLR and I'm advised that some purchasers will insist that it is in place before they will move forward. What's the procedure for this?
In the situation that you have set out it seems prudent to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.