I am acquiring a new build apartment in New Barnet and my conveyancer is informing me that she has to the lender to reveal incentives from the builder. I am under pressure to exchange contracts and I have no desire to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We see that you have a post code search directory listing firms on the Clydesdale conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in New Barnet?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in New Barnet.
Do the Building Society Association intend to launch a online directory to list solicitors on the Earl Shilton BS conveyancing panel for instance in New Barnet?
We have not been informed any intention on the part of the BSA to promote such a register.
Will our solicitor be raising enquiries about flooding during the conveyancing in New Barnet.
Flooding is a growing risk for lawyers specialising in conveyancing in New Barnet. There are those who purchase a house in New Barnet, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, but there are a various searches that can be carried out by the purchaser or on a buyer’s behalf which should figure out the risks in New Barnet. The conventional set of information given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual question of the vendor to find out if the property has ever been flooded. If the residence has been flooded in past and is not revealed by the owner, then a purchaser may commence a claim for damages as a result of such an incorrect reply. A buyer’s conveyancers should also order an enviro search. This should higlight if there is any known flood risk. If so, more detailed investigations will need to be carried out.
I have todaybecome aware that Stirling Law have closed. They conducted my conveyancing in New Barnet for a purchase of a leasehold apartment 12 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest method to see if the premises 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 New Barnet conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. New Barnet is the location of the property. Can you offer any assistance?
Flying freeholds in New Barnet are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside New Barnet you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Barnet may decide 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 premises.