It is 10 years ago since I purchased my house in Finchley. Conveyancing solicitors have now been instructed on the sale but I am unable to locate my title deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a chance that the deeds will be kept by your mortgage company or they could be archived with the conveyancers who oversaw your purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Almost all conveyancing in Finchley relates to registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
We are downsizing from our home in Finchley and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Finchley conveyancer would know this is not the case. It does beg the question why the purchasers instructed a web based conveyancing practice as opposed to a conveyancing solicitor in Finchley. We have lived in Finchley for 5 years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should 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 life insurance to cover that same illness)
It has been four months following my purchase conveyancing in Finchley concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 property 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 Finchley differ for new build properties?
Most buyers of new build residence in Finchley come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Finchley typically acquire the land, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Finchley or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Finchley before instructing lawyers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some lenders may refuse to grant a loan on this type of home.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Finchley. Conveyancing may be slightly more expensive based on your lender's requirements.
Taking into account that I will soon part with 450k on a property in Finchley I wish to talk to a solicitor regarding thetransaction before appointing the firm. Is this something that you can arrange?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer who will be doing your property ownership legalities in Finchley.There is no ‘factory style conveyancing’ - each client is an important person, not a matter reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Finchley should be the figure that you are charged.