Is the fact that my conveyancer in Friern Barnet is not identified on my bank's conveyancing panel that there is a problem with the quality of the firm’s work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Friern Barnet conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
Do I have to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Friern Barnet so that I can pop in to their offices when needed.
These days conveyancing panel lawyers for banks carry out all of the communications via the post, internet or over the phone. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. However you can see if you have the option of attending the offices of your conveyancing lawyer if just in case this is required.
I need some fast conveyancing in Friern Barnet as I am under a deadline to exchange contracts in less than 2 weeks. Luckily I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to do searches although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Friern Barnet the following are examples of what can be revealed and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Friern Barnet is where the house is located. What do you suggest?
Flying freeholds in Friern Barnet are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Friern Barnet you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Friern Barnet may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm remortgaging my existing property to a buy to let mortgage with Bank of Ireland and I will use the rest of the raised equity as a deposit on further property. The neighborhood we are looking at is Friern Barnet. Will your solicitors be able to act for both sets of lenders and tie in the transactions?
Make use of our comparison tool on this page to be sure that the lawyers are approved by both mortgage companies. Having checked that they are your conveyancer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and needs.
I am due to review costs for conveyancing in Friern Barnet from three lawyer and choose one. Am I right to instruct them to sit tight until I a suitable apartment to buy.
We suggest that you only request your conveyancer to commence work and apply for searches after the sales memo has been issued by the selling agent particularly as Friern Barnet conveyancing searches are not cheap.