The Highgate conveyancing firm handling our Highgate conveyancing has spotted a difference when comparing the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My lawyer has advised that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My bid for a property was accepted at auction in Highgate. Conveyancing is needed. What happens now?
Given that you have now to in every practical sense signed on the dotted line you now have to appoint a conveyancing solicitor quickly as you now have a tight a fixed date to complete the transaction. All auction property will have a bespoke legal pack. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold property the legal pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You must give this to the lawyer instructed by you at the earliest opportunity. You also need to ensure that your finances are organised to complete on the date specified in the contract.
I am buying a terrace house in Highgate. The intention is to an extension at the rear at the property.Will the conveyancing process involve checks to determine if these works are prohibited?
Your property lawyer will check the registered title as conveyancing in Highgate will sometimes reveal restrictions in the title deeds which restrict categories of changes or require the consent of another owner. Many additions call for local authority planning permissions and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
We have a mortgage agreed in principle with Principality. Highgate conveyancing lawyers have been chosen. What is the average time that one could expect to receive a mortgage offer from Principality?
Some lenders take longer than others. Have Principality completed the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Do commercial conveyancing searches disclose proposed roadworks that could impact a commercial estate in Highgate?
Its becoming the norm that commercial conveyancing solicitors in Highgate will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Highgate. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Highgate.
For every commercial conveyancing transaction in Highgate it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Highgate commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Highgate.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who handled the conveyancing in Highgate 5 years ago have long since closed. What are my options?
These day there are copies made of almost everything, and your conveyancer will know exactly where to locate all the appropriate paperwork so you can purchase or dispose of your property without a hitch. Where duplicates are not available, your conveyancer can put in place insurance or indemnities protecting you against possible claims on your property.
I decided to have a survey completed on a house in Highgate in advance of retaining solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some lenders tend not give a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Highgate. Conveyancing will be smoother if you use a solicitor in Highgate especially if they are acquainted with such properties in Highgate.
Do lenders provide you with an approved list of Highgate solicitors? How do you know who is on the lender conveyancing panel?
Highgate firms and firms conducting conveyancing in Highgate themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the mortgage company directly.