We are about to sign contracts for a ground floor flat in Finchley. We have hit a stumbling block. Our mortgage offer with Leeds Building Society runs out on 13/2/2025 but the owners are insisting on a completion date of 17/2/2025. Can one prolong the mortgage offer?
The person best placed to address this concern is your solicitors who is in a position to calculate if he or she is better off negotiating with the mortgage company, owner’s conveyancers, estate agents or conceivably all parties given the circumstances your transaction to date.
Will conveyancers request money on account when it comes to conveyancing in Finchley?
Where you are retaining lawyers for conveyancing in Finchley your solicitor will request that you put them with funds to cover the search fees. Ordinarily this is requested to cover the fees of the Local Authority Search. If any deposit is payable against the purchase price then this will be needed immediately ahead of exchange of contracts. The closing balance that is due will be payable shortly before completion.
There are numerous conveyancing solicitors in Finchley but how do I know who's good?
Do not opt for the cheapest Finchley conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Finchley?
There are two types of lawyers who can perform conveyancing in Finchley namely licenced conveyancers or solicitors. The two can handle the legal services that you need to complete the disposal or acquisition of property. Both are obliged to execute Finchley conveyancing to the same standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that all requisite steps should be appropriately followed.
The formalities of my remortgage has taken place for my property in 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 port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
How does conveyancing in Finchley differ for new build properties?
Most buyers of new build premises in Finchley contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Finchley usually buy the real estate, 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 conveyancers 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 used to new build conveyancing in Finchley or who has acted in the same development.
I need to find a conveyancing solicitor for leasehold conveyancing in Finchley. I've discover a web site which seems to have the perfect answer If it is possible to get all formalities completed via phone that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I only have 68 years unexpired on my lease in Finchley. I now wish to extend my lease but my landlord is absent. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to demonstrate that you have done all that could be expected to track down the lessor. In some cases a specialist would be useful to try and locate and prepare an expert document to be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the application to the County Court covering Finchley.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Finchley conveyancing firm to help?
You certainly can. We are happy to put you in touch with a Finchley conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a 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 unexpired residue of the current lease was 56.65 years.