We are buying a 1 bedroom flat in Neasden with a mortgage. We like our Neasden conveyancer, but the mortgage company advise he's not on their "panel". We have to appoint one of the bank panel conveyancing practices or retain our Neasden conveyancer and pay for one of their panel firms to represent them. This seems very unfair; can we not insist that the mortgage company use our Neasden solicitor ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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. Another option that might be available is for your Neasden conveyancing lawyer to apply to be on the conveyancing panel.
Why is leasehold purchase conveyancing in Neasden is more expensive?
The conveyancing costs on a leasehold premises in Neasden is often greater than on a freehold acquisition or disposal. This is because there is an amount of extra work necessary in communicating with the landlord and managing agents to collate the information concerning whether the rent and service fee have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
I am buying a flat and require a conveyancing solicitor in Neasden who is on the Godiva Mortgages Ltd solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Neasden. We dont recommend any particular firm.
I have recentlyfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Neasden for a purchase of a freehold house 10 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Neasden conveyancing specialists.
I have been on the look out for a flat up to £305k and identified one close by in Neasden I like with open areas and railway links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Neasden for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the shortness of the lease will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I am using a search engine for the phrase on line conveyancing in Neasden it reveals numerous conveyancerslocally. How do I determine which is the suitable solicitor for me?
The ideal method of finding the right conveyancer is via personal referral, so enquire of friends and those you trust who have acquired a property in Neasden or a local estate agent or mortgage broker. Charges for conveyancing in Neasden vary, so it's sensible to secure a minimum of four estimates from different solicitors. Dont forget to clarify that the charges are assured not to to be inflated.