Why is leasehold purchase conveyancing in Grahame Park is more expensive?
In summary, leasehold conveyancing in Grahame Park and North London usually requires additional hours of investigation compared to freehold transactions. This includes reviewing the lease, communicating with the landlord concerning serving required notices, procuring current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
Do I need to attend the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Grahame Park so that I can pop in to their offices if required.
These days approved lawyers for banks conduct all of the work through Royal Mail, internet or over phone calls. This enables them to conduct the conveyancing transaction no matter where you live in England or Wales. However you should check if you have the option of going to the offices of your conveyancing lawyer if needed.
Is it the case that all Grahame Park solicitor practices on the Aldermore conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Aldermore approved list of solicitors they would need to be governed by the SRA. Some lenders do allow licenced conveyancers on their panel in which case such practice would be governed by the CLC.
We previously instructed conveyancers with offices in Grahame Park on the UBS solicitor panel. They are now charging me a separate charge for dealing with the UBS mortgage. Is this an additional conveyancing fee set by UBS?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your lawyer is entitled to charge a fee for this. This fee is not dictated by UBS but by your Grahame Park conveyancing practitioner. Some firms on the UBS panel will levy an ‘acting for lender’ fee and others do not.
My husband and I are in the process of viewing apartments in Grahame Park and I am now considering a potential offer. Is it too early to have a solicitor in place? I am planning to take a home loan with Nationwide.
It would be advisable to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are obtaining a mortgage with Nationwide, ask your prospective lawyers if they are on the Nationwide conveyancing panel otherwise they can't do the mortgage legal work.
I am purchasing a house and the solicitor has raised the issue of Chancel Repair for which the property could be obligated to pay given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly warranted for conveyancing in Grahame Park
Unless a prior purchase of the house took place after 12 October 2013 you can expect solicitors carrying out conveyancing in Grahame Park to remain recommending a chancel search and or chancel repair liability insurance.
Due to the advice of my in-laws I had a survey completed on a house in Grahame Park ahead of instructing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some lenders will refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Grahame Park. Conveyancing will be smoother if you use a solicitor in Grahame Park especially if they are acquainted with such properties in Grahame Park.
My mum and dad are encountering difficulties in finding their Grahame Park property on the HMLR website. They have a vague recollection 48 years ago when they bought the house there were complications concerning the post code not being identified on some systems.
Almost all properties in Grahame Park should be revealed. Have you tried a search with just the postcode. Normally it should mention all the premises within that postcode. Where recorded it will be there with a title number. Where they bought back in the 70’s it's conceivable it may be not yet registered. The property could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title documentation which might be with your parent’s lender.