Will lawyers ask for an advanced payment for conveyancing in Highgate?
Where you are retaining lawyers for conveyancing in Highgate your solicitor will request that you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the total price then this should be asked for immediately ahead of contracts are exchanged. Any further balance that is needed will be payable a couple of days ahead of the completion date.
We are downsizing from our property in Highgate and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a national conveyancing outfit rather than a conveyancing solicitor in Highgate. Having lived in Highgate for 5 years we know that this is a non issue. Do we contact our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am buying my first flat in Highgate with a loan from Bank of Ireland. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The sale representative told me not to tell my lawyer about the extras as it will adversely affect my loan 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.
Due to the input of my in-laws I had a survey completed on a house in Highgate prior to retaining solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may refuse to issue a loan on this type of premises.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Highgate. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Highgate to see if the conveyancing costs will increase in light of this.
Is it simple use the search facility to choose a conveyancing practitioner in Highgate on the approved list for my mortgage?
First pick a mortgage company such as National Westminster Bank, Barnsley Building Society or Clydesdale then specify your location e.g. Highgate. Conveyancing firms in Highgate and beyond should be identified.
Is there a reason that Highgate conveyancing charges are higher for leasehold and freehold properties?
Leasehold conveyancing in Highgate will often involve additional due diligence for instance fully examining the lease, communicating with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.