Is there a reason why leasehold purchase conveyancing in Friern Barnet is more expensive?
Friern Barnet leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am downsizing from our property in Friern Barnet and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a national conveyancing firm as opposed to a conveyancing solicitor in Friern Barnet. We have lived in Friern Barnet for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? 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 sickness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Friern Barnet?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Friern Barnet. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing my first flat in Friern Barnet with the aid of help to buy. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about this deal as it would put at risk my loan with National Westminster Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey done on a property in Friern Barnet prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will refuse to grant a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Friern Barnet. Conveyancing may be slightly more expensive based on your lender's requirements.
I am seeking to buy a repression property in Friern Barnet and the mortgagee in possession would like to complete within a week. Can a property lawyer meet that timeframe? Would it be better to use a local Friern Barnet firm or an online conveyancer that professes to offer speedy conveyancing?
Attend your Friern Barnet high street. Go in to 3 solicitor’s offices and request to talk to a conveyancing solicitor for a quote. Discuss your needs and get a commitment on deadlines. Choose the one that seems most genuine. You need to use a conveyancer on the panel of property lawyers acceptable to your bank.