My husband and I are buying a 3 bedroom apartment in Hornsey with a mortgage. We would like to retain our Hornsey lawyer, but the lender advise she’s not on their "panel". We have to appoint one of the mortgage company panel solicitors or keep our Hornsey conveyancing practitioner and pay for one of their panel lawyers to act for them. This seems very unfair; can we not demand that the lender use our Hornsey solicitor ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Hornsey conveyancing lawyer to apply to be on the conveyancing panel.
Our Hornsey solicitor has identified an inconsistency when comparing the information in the home valuation report and what is in the legal papers for the property. My solicitor says that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
Do banks and building societies provide you with an approved list of Hornsey conveyancing solicitors? How do you know who is on the Coventry BS conveyancing panel?
Hornsey conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
I am buying a property and need a conveyancing solicitor in Hornsey who is on the Santander approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Santander in certain locations such as Hornsey. We dont recommend any particular firm.
About to purchase a new build flat in Hornsey. Conveyancing is daunting 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Hornsey
-
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
What type of property do your Hornsey conveyancing quotes relate to?
Our conveyancing quotes are only applicable to standard domestic premises in England & Wales. Where you have any different needs for example industrial or agricultural land or commercial conveyancing in Hornsey do telephone us to consider this further .