We were just about to exchange contracts for a garden flat in North London. We have hit a stumbling block. Our mortgage offer with Godiva Mortgages Ltd expires on 2/11/2026 but the owners are insisting on a completion date of 4/11/2026. Can one extend the mortgage expiry date?
The best person to deal with your question is your solicitors who will hopefully calculate whether he or she is better off negotiating with the mortgage broker, owner’s solicitors, property agents or conceivably all parties taking into account what has gone on in your house move to date.
How up to date is your database of North London solicitors on the Clydesdale conveyancing panel? Do Clydesdale send you an updated list?
North London conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
My Conveyancer in North London is not on the Halifax Approved Panel. Can I still use my prefered solicitor notwithstanding that they are excluded from the Halifax approved list?
Your options are as follows:
- Carry on with your preferred North London solicitors but Halifax will need to instruct a lawyer on their panel. This will inevitably rack up the overall legal charges as well as cause delays.
- Get a new solicitor to to deal with the purchase, not forgetting to check they are on the Halifax panel
When it comes to lenders such as Leeds Building Society, do North London conveyancing practitioners have to pay a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
My wife and I are at the point of looking at flats in North London and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with Virgin Money.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are taking out a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.
I am currently in the process of buying my council flat in North London. I have a mortgage offer with Barclays. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
Various internet forums that I have come across warn that are a common cause of stalling in North London conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in North London.
It has been three months since my purchase conveyancing in North London took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.