My financial adviser says he needs my London Colney lawyer’ panel reference for the Nationwide conveyancing panel. What is the best way to find this out. I have called my local London Colney branch but they have not got back to me yet.
You are best placed to get this information from your London Colney solicitor . They should have a central record lender panel numbers.
I am under pressure from the executor of a property in London Colney to sign contracts within four weeks. What can I do to expedite the buying process?
First, If the seller is applying a tight deadline for your conveyancing we would recommend that your solicitor is familiar with the location as they will benefit local relationships and know-how. It is possible that they would have handled otherhouses in the same neighbourhood. You would be best advised to use a London Colney conveyancing lawyer. Second, check that the conveyancing firm is on the lender panel. It is understood that 18% of London Colney conveyancing transactions are delayed or jeopardised after finding out that a purchaser’s lawyer was not on their banks member panel. In many cases this discovery resulted in the conveyancing being held up by almost three weeks. It is understood that this issue impacts in the region of one hundred thousand home moves every year. Almost all London Colney conveyancing practices can not act for certain mortgage companies so do check as early as possible.
Have just purchased a repossessed house at auction in London Colney. Conveyancing is needed. What happens now?
Having legally committed yourself to purchase you should instruct a conveyancing solicitor quickly as you are faced with a fast approaching deadline in which to complete the purchase. An auction property will ordinarily have a bespoke auction set of papers. This should include most,if not all of the documents that your conveyancer will need. Where you are dealing with leasehold premises the auction papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You need to hand this to the conveyancer instructed by you at the earliest opportunity. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
This question may be naive but I am unseasoned as a 1st time purchaser of a two bedroom flat in London Colney. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will use a High Street conveyancing solicitor in London Colney?
On the day of completion you will not be required to attend the conveyancers office in London Colney. Your solicitors will transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you should be able to pick up the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
My offer was accepted on a house in London Colney on 14/10/2024, valuation was booked 2 days after, received a clean bill of health. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Are Leeds Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
Me and my brother purchased a 4 bedroom Victorian house in London Colney. Conveyancing lawyer acted for me and Barclays Direct. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in London Colney and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing lawyer who conducted the conveyancing.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. London Colney is the location of the property. What do you suggest?
Flying freeholds in London Colney are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside London Colney you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in London Colney may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Our estate agent has recommended their conveyancing practitioner for my conveyancing in London Colney - Is it not simpler better to just use them?
It is worth checking if the selling agent is recommending a property lawyer or introducing to a conveyancing practitioner. There are plenty of London Colney selling agents who recommend two or three London Colney conveyancing firms purely based on those lawyers offering a great service.