Do the Building Society Association intend to launch a searchable register to list law firms on the Loughborough BS conveyancing panel for instance in Hornsey?
We have not been informed any plans on the part of the BSA to develop such a tool.
Various online forums that I have visited warn that are a common cause of obstruction in Hornsey house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Hornsey.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Hornsey I like with amenity areas and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Hornsey in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years may be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
Should I be concerned by brokers that I am dealing with are encouraging me to use a nationwide conveyancing firm as opposed to a High Street Hornsey conveyancing firm?
As with many professional services, often referrals from family and friends can be worth their weight in gold. But there are lots of parties with a keen interest in a conveyancing transaction; estate agents, mortgage brokers and lenders may recommend conveyancers to appoint. Sometimes these conveyancers might be known to one of the organisations as being good in their field, but occasionally there might be a commercial relationship behind the recommendation. You have the discretion to select your own lawyer. Don't forget that the majority of lenders specify a panel list of lawyers you are obliged to use for the mortgage aspect of your transaction.
My uncle has encouraged me to use his lawyers for conveyancing in Hornsey. Do I take his guidance?
There are no two ways about it the best way to select a conveyancing solicitor is to get recommendations from friends or relatives who have experience in using the conveyancer that you are are thinking of instructing.
We recently become aware that one of the partners of the law firm handling the purchase conveyancing in Hornsey is an aunty of the seller. Is this allowed?
As long as no conflict arises this is allowable. Where you are requiring mortgage finance then the bank may have a say as many lenders have specific requirements on this. For example for Royal Bank of Scotland as of 20/12/2024, the requirements read as follows :