I was recommended to a solicitor who has quoted just over a thousand pound for no sale no fee conveyancing in Hornsey Rise. I’m looking to sell a purpose built house for £175,000. Is this over the top? Is it above the average fee for conveyancing in Hornsey Rise?
The charges are a bit high. If you are willing to invest time comparing prices you might trim some of the cost by say £125. On the other hand, you couldcome to regret opting for an an untested lawyer. If is important to be sure the solicitor can also act for your mortgage company. You can employ our comparison tool to select a Hornsey Rise conveyancing company on the banks member panel which can often include conveyancing solicitors in Hornsey Rise.
I am the registered owner of a freehold property in Hornsey Rise but nevertheless pay rent, why is this and what is this?
It is rare for properties in Hornsey Rise and has limited impact for conveyancing in Hornsey Rise but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
We wanted to use a property lawyer in Hornsey Rise for our house move. Our broker has since advised us that our mortgage lenders Skipton Building Society won't deal with them. Why is this not regarded as unfair competition?
A mortgage company will direct that a panel solicitor act for it. Borrowers are liable to meet the cost of this. Try using our search facility to locate a solicitor to conduct conveyancing in Hornsey Rise on the Skipton Building Society approved list of solicitors.
Are there restrictive covenants that are commonly picked up during conveyancing in Hornsey Rise?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Hornsey Rise. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing my first flat in Hornsey Rise with a loan from Aldermore. The builders would not move on the amount so I negotiated 6k of additionals instead. The house builders rep advised me not disclose to my conveyancer about this extras as it may affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am thinking of appointing a conveyancing solicitor in Hornsey Rise for my home move. Is there any facility to see a firm’s record with the profession’s regulator?
Anyone can find published Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may recorded call for training reasons.