I chose a high street lawyer for our conveyancing in North Finchley last week. Going through the Ts and Cs it is apparent thatI am liable for costs even if the sale aborts. Should I ditch them and select a web based lawyer promoting no-sale-no-fee conveyancing in North Finchley?
It is usually a trade off in that if "No Sale No Fee" is advertised then the conveyancing charges will generally be higher to neutralise those transactions that do not go ahead. You should be mindful that these promotions generally do not protect you from expenses e.g. North Finchley conveyancing search costs.
As someone not used to conveyancing in North Finchley what is the number one tip you can impart for the legal transfer of property in North Finchley
Not many law firms shout this from the rooftops but conveyancing in North Finchley and elsewhere in North London is often a confrontational process. Put another way, when it comes to conveyancing there is plenty of room for conflict between you and other parties involved in the ownership transfer. E.g., the seller, property agent and on occasion the mortgage company. Selecting a solicitor for your conveyancing in North Finchley is a critical decision as your conveyancer is your adviser, and is the ONE person in the process whose responsibility is to act in your best interests and to keep you safe.
Every so often a potential adversary may try and persuade you that you should follow their advice. For example, the estate agent may claim to be helping by claiming that your solicitor is slow. Or your mortgage broker may try to convince you to do take action that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
My lawyer in North Finchley is not listed on the Bank of Scotland Solicitor Panel. Can I still retain my family solicitor even though they are not on the Bank of Scotland list of approved lawyers?
Your options are as follows:
- Carry on with your preferred North Finchley solicitors but Bank of Scotland will need to use a lawyer on their panel. This will inevitably rack up the overall legal charges as well as cause frustration.
- Choose a new solicitor to to deal with the purchase, obviously checking they are Convince your conveyancer to use their best endeavours to join the Bank of Scotland conveyancing panel
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who did the conveyancing in North Finchley 4 years ago no longer exist. What are my options?
In today’s world there are copies made of almost everything, and your lawyer should be aware precisely where to look for all the suitable documentation so you may purchase or sell your house without any difficulty. If copies can’t be located, your solicitor can put in place insurance or indemnities against possible claims on the premises.
I am 18 days into a leasehold purchase having been recommend to a firm by the selling agent to carry out the conveyancing in North Finchley. I am am very disappointed with the quality of service. Could you you assist me in finding new solicitors?
A lawyer would need to be really poor in order to consider changing them. Has your loan offer been sent? If so you will need to make them aware of the new contact details and get the offer are re-issued. The conveyancer needs to be on the lenders approved list to avoid added costs and complications. That should be your first question of the new solicitors. Our find a solicitor tool will help you find a bank approved solicitor for your conveyancing in North Finchley
I work for a busy estate agent office in North Finchley where we have experienced a few leasehold sales derailed due to short leases. I have received contradictory information from local North Finchley conveyancing firms. Can you confirm whether the seller of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in North Finchley. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price payable.
An example of a Lease Extension matter before the tribunal for a North Finchley residence is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case related to 1 flat. The unexpired lease term was 76 years.