I was notified recently by my estate agent that my New Barnet lawyer is not on the lender Solicitor panel. What can I do to check?
The sensible course of action for you to take is to contact your New Barnet lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a New Barnet conveyancing practice that is on the conveyancing panel for your mortgage company.
We have very brash vendors who has recommended a preliminary contract with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
There are two primary drawbacks with entering into any lock out contract (sometimes known as a no-shop agreement) is that it takes away the focus from moving forward with the conveyancing transaction itself, so unless it requires little or no negotiation then it could transpire to be a hindrance. It is not promoted amongst New Barnet conveyancing practitioners for this reason. A supplemental issue is the extent of the remedies available - a jilted purchaser should not expect to obtain an injunction to prevent the vendor selling to another buyer, so the only remedy open via the agreement will be the reimbursement of wasted costs and, in rare circumstances, the additional payment of penalties.
We're in New Barnet, First timers purchasing with a mortgage (lender is Lloyds , and our lawyer is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. New Barnet is the location of the property. Can you offer any guidance?
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 bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Barnet may ascertain 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.
Is it possible to switch firm as I need to appoint one who is on the Halifax conveyancing list. I was using a local conveyancing solicitor in New Barnet five minutes from me but she is not approved by Halifax
It would be our pleasure to assist you select a conveyancing solicitor in New Barnet on the Halifax panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in New Barnet. In making use of the find a conveyancing solicitor tool on this site, you can contrast charges for conveyancing solicitors in New Barnet and throughout England and Wales.
Should I use a New Barnet conveyancing solicitor based in the area that I am buying? We have a good friend who can conduct the conveyancing however they are based over three hundred kilometers away.
The benefit of a high street New Barnet conveyancing firm is that you can visit the firm to execute paperwork, hand in your ID and apply pressure on them where appropriate. Having local New Barnet know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that should outweigh using an unknown New Barnet conveyancing lawyer solely due to them being based in the area.