We see that you have a post code search directory identifying law firms on the Lloyds conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Finchley?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Finchley.
we are a couple who are purchasing a 3 bedroom apartment in Finchley with a residential mortgage from Lloyds TSB Bank.We have a Finchley conveyancing lawyer but Lloyds TSB Bank informed us her practice is not listed on their approved list of member firms. we are left little option but to use a Lloyds TSB Bank panel firm or retain our local solicitor and fork out for a Lloyds TSB Bank panel lawyer to represent them. This seems very unfair; Can we not simply insist that Lloyds TSB Bank use our lawyer?
No, not really. The loan offered to you is subject to its various provisions, one of which will be that conveyancers must be on the Lloyds TSB Bank conveyancing panel. Until recently, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Lloyds TSB Bank
I understand that there are debates on Chancel Insurance on online forums. Do I require this when buying a residence in Finchley? or I am told that there is historic law that means some house owners residing in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this relevant for conveyancing in Finchley?
Unless a prior purchase of the property took place after 12 October 2013 you may assume that conveyancing practitioners carrying out conveyancing in Finchley to continue to recommend a chancel search and or chancel repair liability insurance.
What does commercial conveyancing in Finchley cover?
Non domestic conveyancing in Finchley incorporates a wide array of guidance, supplied by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I work for a long established estate agent office in Finchley where we see a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Finchley conveyancing solicitors. Could you clarify whether the vendor of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
We have reached the end of our tether in trying to purchase the freehold in Finchley. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to assess the premium.
An example of a Lease Extension decision for a Finchley flat 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.
What are my options where I am dissatisfied with the conveyancing practitioner who did our conveyancing in Finchley?
Occasionally the level of service you receive is not as you expect, and unfortunately every so often matters do not go as planned. However there is recourse if you were dissatisfied with your conveyancing in Finchley. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their governing body. If you remain unhappy you may consider enlisting the help of the Legal Ombudsman.