When can the exchange of contracts occur in domestic conveyancing in Haringey and do I need to be at the solicitors branch?
If you are near to one of the conveyancing solicitors in Haringey you are welcome to come in to sign the paperwork. However, the law practices we recommend offer a countrywide conveyancing service and give as equally detailed and professional a job for you when communicating with you digitally. The signing of the property agreement is not the critical part. Signing on the dotted line is necessary for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Haringey)to be in the office available at the end of the phone to exchange contracts.
We are planning to buy with Darlington Building Society. We have called around locally but am unable to find a Haringey conveyancing firm on the Darlington Building Society panel. Could you assist?
Feel free to make use of the search tool on this site. Please choose the lender and type Haringey or your location and you will be presented with numerous solicitors located in Haringey or nearest you.
I have been told that property searches are the primary cause of stalling in Haringey conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Haringey.
I am purchasing a new build house in Haringey with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not reveal to my lawyer about the side-deal as it will put at risk my mortgage with the lender. 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 Haringey prior to retaining lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks tend not grant a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Haringey. Conveyancing will be smoother if you use a solicitor in Haringey especially if they are acquainted with such properties in Haringey.
Do I stop the direct debit for my mortgage with Principality as soon as a completion date for my sale in Haringey has been set?
You would be well advised to continue meeting any mortgage payments to Principality pending the mortgage being redeemed on completion as part of your Haringey conveyancing.