I can't travel far from Haringey. Can you please explain the reason why all Haringey lawyers are not on all mortgage company panels?
As inequitable as it may appear for mortgage companies to restrict who can act for them, from the public’s or lawyer’s standpoint, the the contrary view is that mortgage companies are becoming ever more anxious and consider it vital to protect them against illegal activities. As a result of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
My solicitor has uncovered a a legal deficiency with the lease for the flat we are buying in Haringey. The seller’s lawyers have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer says that he must ensure that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
There is lots of information on this site concerning conveyancing in Haringey but can you isolate your top tip for choosing the right conveyancer in Haringey
Do not opt for the cheapest Haringey conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I am being advised by my lawyer that lack of building regulations insurance is needed on my purchase. What is the level of cover for Haringey conveyancing?
The right level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Coventry Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
I am selling my flat. I had a double glazing fitted in January 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Barclays are being problematic. The Haringey solicitor who is on the Barclays conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Barclays are insisting on a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
The deeds to our house can not be found. The lawyers who did the conveyancing in Haringey 10 years ago have long since closed. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer should be aware precisely where to find all the relevant paperwork so you may buy or sell your house without any difficulty. Where copies can’t be located, your solicitor may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
The estate agent has sent us the confirmation of our purchase of a new build flat in Haringey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Haringey
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Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Hoping to buy a property located in Haringey and I am already nervous. I couldn't find anything specific about Haringey. Conveyancing will be needed in due course but do you know about the Haringey area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Haringey. In the meantime here are some basic statistics that we found