We are a couple about to exchange contracts for a property in New Southgate. We encountered a snag. The mortgage offer with Halifax expires on 1/6/2026 but the owners are suggesting a completion date of 3/6/2026. Is it possible to extend the loan expiry date?
The best person to deal with your concern is your solicitors who will calculate if he or she is better off negotiating with the mortgage broker, seller’s lawyers, selling agents or indeed all three based on what has gone on in your house move to date.
I'm the single recipient of my late mum's estate with all property in now in my sole name, including the my former home in New Southgate. Conveyancing formalities meant that the Land Registry date was in March. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship could be regarded the same way as though I had purchased the house in March. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. Some mortgage companies would take a practical view as this requirement chiefly exists to capture the purchase and immediately sell or the quick reselling of properties.
We were going to get a DIP from UBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any New Southgate solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint New Southgate solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
About to purchase house in New Southgate. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the New Southgate property lawyer is on the Virgin Money conveyancing panel.
Will our solicitor be raising enquiries regarding flooding as part of the conveyancing in New Southgate.
The risk of flooding is if increasing concern for lawyers dealing with homes in New Southgate. There are those who buy a house in New Southgate, completely expectant that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, but there are a number of searches that may be initiated by the purchaser or by their solicitors which can give them a better appreciation of the risks in New Southgate. The standard property information forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the seller to determine if the property has historically flooded. In the event that flooding has previously occurred which is not disclosed by the seller, then a buyer may issue a legal claim for losses as a result of such an misleading answer. A purchaser’s solicitors will also conduct an enviro search. This should higlight if there is a recorded flood risk. If so, more detailed investigations should be carried out.
In surfing the web for the words on line conveyancing in New Southgate it brings up many solicitorslocally. With so much choice what is the best way to find the right solicitor for my move?
The best way of seeking the right conveyancer is through a personal testimonial, so ask colleagues and relatives who have bought a property in New Southgate or the reputable estate agent or mortgage broker. Fees for conveyancing in New Southgate vary, so it's advisable to secure at least four costs illustrations from varying types of law firms. Make sure that you clarify that the costs are assured not to to be inflated.
What are your top tips when it comes to choosing a New Southgate conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a New Southgate conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non New Southgate conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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Can they put you in touch with clients in New Southgate who can give a testimonial?
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a New Southgate conveyancing firm to act on my behalf?
Most certainly. We can put you in touch with a New Southgate conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a New Southgate residence is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case affected 2 flats. The unexpired term was 70.31 years.
I purchased a house in New Southgate last 2/1/2025 and to date it is still not recorded with HM Land Registry. It is part of a development site and my solicitor told me that it can take twelve months to register. I have spoken with HMLR directly and they say that the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
get in touch with your conveyancer - if you are not getting sensible responses, enquire as to their internal complaints procedure and escalate your concerns to a Partner. Registrations for New Southgate conveyancing are not known to be especially complex.