My wife and I are planning to purchase a flat in Hornsey and have instructed a Hornsey conveyancing firm. Within the last couple of days our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Nottingham Building Society have this morning contacted us to inform me that there is now an issue as our Hornsey solicitor is not on their approved list of lawyers. Is this a problem?
Where you are buying a property needing a mortgage it is standard for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Hornsey lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
We were just about to sign contracts for a freehold house in Hornsey. We have hit a problem. The loan offer with HSBC Bank runs out on 29/6/2026 but the owners are insisting on a completion date of 1/7/2026. Is it possible to prolong the mortgage expiry date?
The best person to address this issue is your lawyer who will assess whether he or she is should be discussing with the mortgage company, owner’s representatives, property agents or possibly all parties given the circumstances your transaction to date.
It is a dozen years since I bought my house in Hornsey. Conveyancing solicitors have recently been appointed on the sale but I am unable to locate the deeds. Is this a major issue?
Don’t worry too much. Firstly the deeds may be kept by the mortgage company or they could stored with the solicitor who acted in your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. The vast majority of conveyancing in Hornsey relates to registered property but in the unlikely event that your property is unregistered it adds to the complexity but is not insurmountable.
Just bought a detached house in Hornsey , how long should it take for the Land Registry to record the transfer to my name? My Hornsey conveyancing solicitor has been very slow, so I want to check that my name is recorded.
There is nothing unique when it comes to conveyancing in Hornsey registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to the party submitting the application, whether there are errors and if the Land registry communicate with any other persons or bodies. Currently approximately 80% of such applications are completed in less than three weeks but occasionally there can be longer delays. Registration is effected once the purchaser has moved in to the premises therefore an expedited registration is not typically top priority but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
I'm converting the mortgage on my existing home to a BTL loan with Coventry Building Society and intend to use the remaining equity as a down payment on further property. The location we are interested in is Hornsey. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?
Make use of our search tool on this page to check that the solicitors are approved by both banks. Assuming that they are the solicitor should be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and specify your expectations and needs.
Our lender agreed in principle to issue us a mortgage. We have retained a high street conveyancer in Hornsey two days ago. A couple of hours ago, our financial adviser called to say that the bank said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the lender had a say Is this usual?
You can actually instruct any conveyencer you prefer to instruct for your conveyancing in Hornsey nevertheless if they are not on the your lender's panel you would have to incur an extra fee so your bank can appoint their own solicitors as well to protect their interest. On occasion it is possible your preferred conveyancing firm to get added to the lender panel. You can use web-based search facilities such as lenderpanel.com to find a conveyancing solcitor in Hornsey on the mortgage company panel. You can go into your local mortgage company branch in Hornsey. They can recommend conveyancing solicitors in Hornsey on the mortgage company panel.