Me and my partner are purchasing a property in Golders Green. I might seem paranoid but how we can trust a conveyancer? On completion day we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have paid off my mortgage with Co-operative. I assume I don't need a Golders Green conveyancer on the Co-operative panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
My offer was accepted on a house in Golders Green on 18/3/2025, valuation was booked 2 days later, received a clean bill of health. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Co-operative and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Co-operative conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
2 months have elapsed following my purchase conveyancing in Golders Green completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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.
I'm buying a new build house in Golders Green with a loan from TSB. The developers would not reduce the price so I negotiated £7000 of extras instead. The estate agent advised me not inform my conveyancer about this side-deal as it will affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 am looking for a ground for flat up to £235,500 and identified one near me in Golders Green I like with a park and station nearby, the downside is that it's only got 52 years on the lease. I can't really find anything else in Golders Green suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage that many years may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
My husband and I are novice buyers - had an offer accepted, but the agent informed us that the owners will only go ahead if we instruct their recommended lawyers as they are insisting on a ‘quick sale’. We would rather use a family conveyancer used to conveyancing in Golders Green
It is highly unlikely the sellers are behind this. Should the vendor desire ‘a quick sale', turning down a genuine purchaser is not the way to achieve this. Contact the sellers directly and make sure they understand (a)you are motivated purchasers (b)you are ready to progress, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you will continue to instruct your preferred Golders Green conveyancing firm - not the ones that will provide their estate agent a commission or hit his conveyancing targets pre-set by HQ.
How up-to-date is your search tool for the bank conveyancing panel in Golders Green? Do the lenders send you an updated list?
Golders Green law firm practices and firms carrying out conveyancing in Golders Green themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the lender directly.